Commodities were lower overnight however again there was a lack of conviction to the move, it felt more orderly than panic driven implying to MM that we shouldn’t be shaken out of our bullish stance towards commodities in our Flagship Growth Portfolio. For copper, a test of $US400/lb now seems likely which would translate into a move in our preferred copper stock Oz Minerals (OZL) nearer our previously targeted buy zone of ~$20.
MM remains bullish Copper into this pullback
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