LME WEBCAST – Copper price rally stuns as key levels taken out in hefty volumes

  • Base metal prices surge higher to fresh highs amid CTA, technical, algo and fund buying.
  • Copper broke above the psychologically important $6,000 level for the first time since June 2015. The pace of the price increase was substantial, stops were triggered as the 5,800 and $5,900 levels were taken out.