Copper Speculators Rebuild Longs on Tight Supply – TD Securities
After five weeks of reduction, speculators are adding net copper length, supported by firm Chinese premiums, low arrivals, and LME inventory draws.
TD Securities' commodity strategy team reports that speculators have resumed adding net length in copper after a five-week reduction in longs.
Supporting factors include firm Chinese premiums, low arrivals, and ongoing inventory draws on the LME. The tight supply backdrop is encouraging renewed bullish positioning.
Source: FXStreet Forex News