Mike McGlone
Mike McGlone|Jul 07, 2025 10:58
Technical Outlook - Copper at 10,000 Crossroads, With Risks Skewed to the Downside - Much hinges on copper staying above 10,000 a ton, where it first traded in 2011. The trend is upward, yet tariff distortions might heighten autocorrelation risks. A typical pullback for the economically sensitive metal is around 9,000. Holding above 10,000 signals global economic strength; a drop below 9,000 could imply the opposite and put 7,000 support in focus. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/sz0xoadwlu68 {BI COMD} #copper @BBGIntelligence
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