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Mike McGlone
Mike McGlone|Jul 07, 2025 10:58
Technical Outlook - Copper at 10,000 Crossroads, With Risks Skewed to the Downside - Much hinges on copper staying above 10,000 a ton, where it first traded in 2011. The trend is upward, yet tariff distortions might heighten autocorrelation risks. A typical pullback for the economically sensitive metal is around 9,000. Holding above 10,000 signals global economic strength; a drop below 9,000 could imply the opposite and put 7,000 support in focus. Full report on the Bloomberg here: https://blinks.bloomberg.com/news/stories/sz0xoadwlu68 {BI COMD} #copper @BBGIntelligence
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Aug 05, 11:56【Copper may trigger a sharp drop in commodity prices】
Aug 05, 03:42【After the copper gold ratio hit bottom, BTC showed a parabolic rise】
Aug 01, 11:31【Copper prices may be similar to the peak of crude oil prices in 2008】
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Jul 29, 11:32【Will gold and US copper prices improve】
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Jul 26, 19:07【Has copper price transformed into a reverse economic indicator】

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