Press "Enter" to skip to content

'Futures Outlook' Traders Weigh In On Copper

Brian Stutland said on CNBC’s “Futures Outlook” copper is trading higher on the news of vaccine and the reflation trade. He sees a real demand for copper and before he starts to buy it, he wants to see a trade above the 2017-2018 high. In the next year, the tariffs could be a catalyst for a move higher in copper.

Jeff Kilburg thinks copper looks a little bit exhausted at $3.30 as it seems overbought from the relative strength perspective. Kilburg would be a seller in the short term, looking for a slight consolidation back to $3.25. He thinks copper is going to continue to move higher in the long term as long as the U.S. dollar cooperates.

© 2020 Benzinga does not provide investment advice. All rights reserved.

This post was originally published on this site

Be First to Comment

Leave a Reply

Your email address will not be published. Required fields are marked *