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.
Like a lot of commodities, they have been shorted and oversold...
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Last
4.2¢ |
Change
-0.002(4.55%) |
Mkt cap ! $45.56M | |||
| Open | High | Low | Value | Volume |
| 4.2¢ | 4.2¢ | 4.2¢ | $16.75K | 398.9K |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 5 | 1850000 | 4.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.5¢ | 332976 | 1 |
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| Last trade - 14.29pm 09/10/2024 (20 minute delay) ? |
| RTG (ASX) Chart |