Mike McGlone|Jul 07, 2025 10:55
Can Copper Hold Its Uptrend? CGBs Signal Risk - At about 10,000 a ton on July 3, copper has revisited this enduring round-number resistance, but my graphic shows a potential reason for the rally to fade -- plunging Chinese government bond yields (CGB).
Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/sz0xoadwrgg0 {BI COMD}
#copper @BBGIntelligence
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