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Why is “Doctor Copper” soaring? What are the prospects?
Copper prices may continue to be bullish, but analysts warn that the market needs to verify this trend beyond short-term momentum.
Witness history! Epic shortfall, New York copper futures are approaching an all-time high
An epic air force battle suddenly unfolds.
The shortfall in New York copper futures sparked a sharp rise of 3.6% in July contracts to a record high
The price of the New York copper futures market soared to a record high after experiencing a round of shorting.
Last night, New York copper futures reached a historic shortfall!
New York copper futures surged 5.5% in the intraday period, and the price of copper for Comex's July delivery jumped to an intraday high of $5.026 per pound, just one step away from the all-time high of $5.0395 set in the early days of the Russian-Ukrainian conflict in March 2022. Traders said that today's New Zealand copper is emptying like never before, causing copper cargo ships to be transported to the US. Traders with long positions on copper in July are expected to make a profit or roll it over to further contracts in the future to take advantage of huge futures discounts.
New York copper futures hit a historic shortfall!
New Zealand copper is emptying like never before, prompting copper goods to be transported to the US.
“Dr. Bronze” has soared to a new high in more than two years! The “overbought” alert has been sounded
Copper prices have soared 28% in the past 3 months and are now in the overbought region, and analysts are calling for caution.
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