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Frank Holmes @bulldogholmes 6h6 hours ago
Copper short positions appears to be a crowded trade. All time short position and the industry is in deficit so any positive news over US/China trade war and it could explode on the upside due to short covering
Copper's rally could be the start of price rise, says Morgan Stanley with signs demand is inc in China inventories are down by 155,000t over 2M, premium for Shanghai over LME up 17% over 1M, to $77/t & China is inc spend on electricity grid and infrastructure @WSJ
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