🔮🟠 Copper Tightness Could Keep Pressure on Prices
Prediction: If LME copper inventories continue falling after the 42-day decline streak, near-term copper prices could face further upward pressure as immediately available supply becomes tighter. LME data shows stocks at 204,975 tonnes on August 14, while the cash price traded above the three-month contract—another sign of tight nearby supply.
If the squeeze persists, investors could increasingly watch copper as a signal for industrial demand and inflation expectations, while spot-focused crypto investors monitor $BTC, $ETH and $BNB alongside the broader macro picture. 📊
#lmecopperstocksfall42dayslongestsince2014
Prediction: If LME copper inventories continue falling after the 42-day decline streak, near-term copper prices could face further upward pressure as immediately available supply becomes tighter. LME data shows stocks at 204,975 tonnes on August 14, while the cash price traded above the three-month contract—another sign of tight nearby supply.
If the squeeze persists, investors could increasingly watch copper as a signal for industrial demand and inflation expectations, while spot-focused crypto investors monitor $BTC, $ETH and $BNB alongside the broader macro picture. 📊
#lmecopperstocksfall42dayslongestsince2014