| It’s when you’re down that you know who your friends are. Copper’s sharp decline to a five-and-a-half-year low on Wednesday prompted an outflow of negative sentiment. Furthermore, in the wake of oil prices slipping lower, some market participants have been comparing the trajectory of the red metal with that of black gold.
Others, however, are standing by the metal. “We were surprised by last week’s 6% correction in copper, but with no evidence of impaired trade or a collapse in demand, we remain bullish on the copper outlook,” said Morgan Stanley in a research note...............................................Full Article: Source
|