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| Chart 1: Copper Contango Vs. Copper Price |
The CFTC data shows that copper will most likely go up because large commercials are long.
dinsdag 26 maart 2013
Copper Contango Update
I have the feeling that we are going to make a bottom in copper soon, the contango will at one point begin to reverse. We are at 1.4% contango to price ratio now, it will go up to about 2-5% before it will reverse. Even when we have a copper surplus and record copper stocks in China.
The CFTC data shows that copper will most likely go up because large commercials are long.
The CFTC data shows that copper will most likely go up because large commercials are long.
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