Similar to oil the very important industrial metal copper has corrected from its mid-May high, exactly the same time that investors started rotating away from resources towards tech. Our ideal target for copper is a test of the psychological $US4.00/lb area although we have to remain mindful that its rarely an “ideal world” and we may have to consider paying up for the likes of OZ Minerals (OZL) in the weeks ahead.
MM is bullish commodities medium-term
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