Like a lot of commodities, they have been shorted and oversold for an easy trade but copper is probably the most oversold IMO. I have been looking for this bounce for the last couple of months. Copper should be $2.50 plus but I'm sure it will move about. It was up over 11c a pound or 5% to nearly $2.43 overnight. Copper is also likely to be in deficit next year. The China consumer numbers indicate they are still consuming. Dyor.
Copper up 5% overnight
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