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Copper Futures - Jul 24 (MCCc3)

Currency in INR

Copper Futures Discussions

Have you ever seen a copper price disparity of 11% between COMEX and LME? Certainly not! This all started this week. The current spread is 5.7%: COMEX: USD 5.0825 per pound (453.592 grams) LME: USD 10597.85 per ton (1000kg) 5.0825 / 453,592 x 10000000 = 11205,00 11205,00 / 10597,85 = 1,057 This means that producers are now selling physical copper to the COMEX in New York to get this premium. 50% of production is usually sold on the spot market. For the past week, Wall Street has been betting big on much higher copper prices, squeezing anyone betting on price parity between the copper exchanges. I have never seen this happen so consistently. I believe that copper's price rally is far from over. But hey: who the heck am I.. 🤪
10 MA could lead next week price !!
I used to trade copper when it was two dollars
So. What does copper tell you? MASSIVE INFLATION.
Goldman Sachs said 4 weeks ago its gona be 10 000/ton (5$/lb).... it hit that target. They said that after that its gona hit 12 000/ton (6$/lb) and after that 15 000/ton (7.5$/lb) i am starting to suspect that THEY are pushing it to this lvls.. you have to remember 1 thing, copper CAN BE RECYCLED even if it is 1000 yeas old cooper it still can be recycled. This is more of a ``where will Goldman Sachs`` push this price.
Not cross 5.1300
yeah keep pushing 'climate emergency' BIDEN , pretty soon inflation will have most of us in food line ups
China’s leading copper miner raised its output guidance at a time when prices have been rallying toward a record on expected deficits. Zijin Mining Group aims to boost mined copper production to 1.22-million tons in 2025, up 4% from a previous target, according to a filing to the Shanghai Stock Exchange late Thursday
thanks for sharing 🙏
Zijin Mining to produce 50% more copper by 2028 Cecilia Jamasmie | May 17, 2024 | 3:56 am News Africa Asia China Europe Latin America Copper Gold
Gambling at its peak..
Dont sell , breakout after 3 years 5.40$ minimum
how do you know?
only scalping who r buyer
Selll 924 no sl
Mc bc mcx
now it's time to sell in mcx at 911
Sell on high 918
I dont see a single rejection to sell this at current price.. have you seen its been bouncing back up every 5-15mins and making a new high on smaller time frame
it currently making uprising channel
See it will go down to 5.04 and then bounce back up again
New highs coming
it's trap for buyers....
Ng 239 tgt
closing below 900 ...short more and more for Big profit....exit your buying position..... otherwise.....
small traders sell for Big profit
pure manipulation in market
Yes monday all game sart
Every Friday evening is a bull run to maintain stock price until Monday and to trade off the market for real metal traders
Red all game start monday 5 pm
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