Citi has been a long-time metals bull, absolutely nailing their copper call – and in good news for metals bulls –they see even more upside ahead.
What do the charts say about metals prices?
Copper
First up, copper. It all started in February around US$8,085/t (London Metals Exchange contracts here). Three months later, anall-time record highat US$10,857/t. Tuesday’s low was US$9,567/t and the last price is US$9,733/t.
