Overnight copper was crunched almost 3% on increased fears around economic growth as the global banking sector “wobbled”, i.e. weakness was witnessed across a number of commodities, not just the likes of crude oil.
MM remains bullish towards copper into weakness under $US400
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This morning will demonstrate whether the internal strength of SFR is improving following the industrial metals drop to fresh 10-week lows overnight i.e. stocks usually bottom before the underlying commodity.
MM will consider increasing our SFR position down towards its January low
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