HG=F Copper Futures Loading... : Bullish and Bearish Analyst Opinions
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18:46
Jul 09
Jul 09
Copper long continuation with positioning room
Copper futures have reclaimed their 50-day moving average, are up more than 2% on the day, and are working back toward the top of the range. Large speculators are heavily long but small speculators are still only in the middle of their one-year range, leaving room for further upside before the trade becomes crowded.
HIGH
18:06
Apr 23
Apr 23
Copper bullish on supply and demand.
Copper prices are well-supported by supply constraints, including the reliance on Middle Eastern sulfuric acid for mining, and recovering demand in China as inventories drop. The structural deficit and energy transition demand point to further upside.
MED
03:12
Jan 14
Jan 14
1. THE FACT: Copper prices surged to a new record high, up +40% in 6 months.
2. THE BRIDGE: The strong upward trend in copper, alongside other assets, suggests continued bullish momentum.
3. THE VERDICT: Copper is in a strong uptrend and likely to continue rising.
17:26
Jan 13
Jan 13
1. THE FACT: Gold has hit a new all-time high, and copper, nickel, and silver are also "flying."
2. THE BRIDGE: The speaker attributes the rise in these metals to their industrial use cases, suggesting sustained demand.
3. THE VERDICT: Long precious and industrial metals due to strong industrial demand and new all-time highs.
About HG=F Analyst Coverage
Buzzberg tracks HG=F (Copper Futures) across 3 sources. 2 bullish vs 0 bearish calls from 4 analysts. Sentiment: predominantly bullish (50%). 4 total trade ideas tracked. Latest voices: Masel Begnan, Ole Hansen, @KobeissiLetter.