...anyone paying attention? BREAKING: Copper prices have...

  1. 1ronnie
    22,759 Posts.
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    26/07/24
    15:15
    Post #: 74934396
    ...anyone paying attention?

    BREAKING: Copper prices have declined for 9 consecutive trading days, the longest streak since the 13 session decline seen during the 2020 Pandemic.

    Over the last 10 weeks, copper prices have dropped by 21% to their lowest level since April 1st, officially entering a bear market.

    This sharp turnaround comes after total global exchange inventories have skyrocketed. Inventory levels jumped from ~220,000 metric tons in Q1 2024 to ~580,000 currently, the highest level since Q2 2020. Commodity volatility is skyrocketing right now.

    https://x.com/KobeissiLetter/status/1816549676537020471
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    lightbulb Created with Sketch.  Great analysis
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