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That’s an interesting insight, with copper futures down over 25% from their March peak, there could be potential for a rebound.However, reports also suggest that traders are currently the most bearish they have been on copper since the pandemic, and given that the metal is often used as a measure of economic health, growing recession fears may drag prices even lower.All trading carries risk, but it will be interesting to see whether this pullback continues to deepen, or if such a sharp sell-off allows for a near-term bounce.
That’s an interesting insight, with copper futures down over 25% from their March peak, there could be potential for a rebound.
However, reports also suggest that traders are currently the most bearish they have been on copper since the pandemic, and given that the metal is often used as a measure of economic health, growing recession fears may drag prices even lower.
All trading carries risk, but it will be interesting to see whether this pullback continues to deepen, or if such a sharp sell-off allows for a near-term bounce.
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