Copper has been one of our preferred bullish views through 2025 and as China starts to offer a supporting hand to the industrial metal, compounding the tailwind from AI and global electrification, the outlook is looking increasingly rosy.
- I believe the risk/reward towards the WIRE ETF is attractive below recent highs, eventually targeting the 2024 high, and probably higher.
Trade Idea: Buy Global X Miners ETF (WIRE) at $14.10 with stops at $13.15 – 7% risk.
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