“In copper markets, the pain trade is to the upside — and while...

“In copper markets, the pain trade is to the upside — and while the first buying program is already hitting the tapes, a break north of US$8,350/tonne (US$3.79/lb) on an LME monthly basis could spark large-scale buying activity,” Daniel Ghali, senior commodity strategist at TD Securities.

“This could fuel a virtuous cycle, as the large-scale algo buying activity could catalyze additional buying programs.”


https://www.mining.com/web/copper-price-bounces-as-analysts-see-short-covering-fueling-big-gains/


Cheers

These are only my thoughts and it does not constitute investment advice. Before acting on any information you read and before making any financial or investment decisions, you should always consult your advisor(s) or other relevant professional experts.