Copper futures…

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Growth concerns in US, China, and Germany (et al.) should fuel continuation in copper shorts …watching at $2.6/lb and possibility of short-covering on reversal to $2.7/lb.


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COT, week of June 11, USD bulls cut bets by $2.1Bn to a 3-month low at $29.2Bn.  Buying concentrated in CHF and net shorts cut by one third.