- Analytics
- News and Tools
- Market News
- Copper: Demand expectations are melting – TDS
Copper: Demand expectations are melting – TDS
Commodity demand expectations embedded within the complex are melting alongside the decline in equity indices and yields, TDS senior commodity strategist Daniel Ghali notes.
Low bar for subsequent CTA selling activity
“This dynamic weighs on the entire complex, but we expect massive CTA selling activity in platinum markets this session, with CTAs likely to shed their entire book long and grow a net short position closer to its effective 'max short' position size.”
“While CTAs are already holding their effective 'max short' position in palladium, silver remains vulnerable to algo selling activity below the $25.80/oz mark. Copper markets are also being weighed down by algo selling activity, as CTAs finally start to shed their books long as we have expected following massive liquidations from macro funds.”
“Our simulations of future prices continue to point to a low bar for subsequent CTA selling activity, with algos likely to continue selling the red metal even in a flat tape over the coming week.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
