Copper retreats from its recent peak as Goldman Sachs weighs in with a bearish take. The investment bank suggests that the copper rally may have already run its course. After hitting record highs, the metal is pulling back—a significant shift for traders monitoring commodities. This analyst call raises questions about what's next for copper and related commodity plays. Market participants are watching closely to see if this correction signals a broader trend reversal or just a temporary pause in the uptrend.
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ContractBugHunter
· 6h ago
Goldman Sachs is starting to turn bearish again, this time on copper? It's always the same, first bearish then reversing to go long, it's exhausting. However, the copper price retreating from the high point is indeed a bit risky; we need to see if it can hold the support later on.
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ser_ngmi
· 6h ago
Goldman Sachs is starting to turn bearish again. Are these people's predictions accurate? I remember the last time they were bearish, copper shot up directly.
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BoredApeResistance
· 6h ago
Goldman Sachs is starting to be bearish again. How many years have they been playing this routine... I'll wait until they finish and then counter-trade.
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LoneValidator
· 6h ago
Goldman Sachs is starting to talk down again. Whether you believe it or not this time, I personally don't quite believe it.
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LonelyAnchorman
· 6h ago
Goldman Sachs is bearish again, this time on copper? Honestly, I wouldn't believe them anyway.
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VitalikFanboy42
· 6h ago
Goldman Sachs is bearish again. I know this routine too well; they always say the top is in and then get proven wrong.
This wave of copper correction is normal, nothing surprising.
Wait, AI chip demand hasn't decreased. How can copper prices really fall?
Copper retreats from its recent peak as Goldman Sachs weighs in with a bearish take. The investment bank suggests that the copper rally may have already run its course. After hitting record highs, the metal is pulling back—a significant shift for traders monitoring commodities. This analyst call raises questions about what's next for copper and related commodity plays. Market participants are watching closely to see if this correction signals a broader trend reversal or just a temporary pause in the uptrend.