Copper set to reach a new record high before the end of Q2 – OCBC
|Copper briefly took out $10,000 last Wednesday, trading an intraday high of $10,008 before retreating back to $9,825 by Friday close. Strategists at OCBC Bank expect the metal to print a new record high before the end of the second quarter.
Copper topped $10,000 and is within 5% of a new record high
“We have always maintained our bullish call on copper and continue to think prices are likely to break higher.”
“The intraday record high of $10,190 is now less than 5% away and we see the base metal setting a new high before the end of Q2.”
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers.