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Copper Price to Hit New All-time Highs Above ($4.6495/Pound) – OCBC Bank

From investingcube.com

OCBC Bank has joined the list of institutional investors that are predicting new all-time highs for copper prices. This time around, strategists at OCBC predict that copper prices will break the record high of $10,190/ton (equivalent to $4.6495/pound on COMEX), especially now that prices are about 5% short of this target. Reinforcing their stand on copper prices, the strategists indicate that they have always maintained their bullish position on copper, and they think that prices are likely to break higher. Some of the latest data surrounding business conditions in the manufacturing sector point to further recovery, ... (full story)

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  • Category: Technical Analysis