Copper
$CPERCatch-Up
Copper’s setup remains cautious: Shapiro argues it is the cleaner AI-related short, with speculative positioning crowded on the long side and prices failing to respond durably even to supportive news. The picture is unchanged, with the concern centered on weak price confirmation rather than the broader AI demand narrative.
Michael Howell 
Jason Shapiro 
Darius Dale Michael Howell A daily catch-up of talking heads, in fifteen minutes.
Analyst Views on Copper
Commodity demand should strengthen through 2027 as global real-economy expansion continues well after the liquidity peak, favoring industrial commodities over financial assets.
Industrial commodities have a favorable short-to-medium-term outlook in the reflation regime, with stronger nominal growth supporting demand for cyclical real assets.
Copper is the preferred AI-related short because speculators are crowded long, price has gone nowhere, and bullish news has failed to sustain gains.
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Direction By Day
| 01 AUG | 02 AUG | 03 AUG | 04 AUG | 05 AUG | 06 AUG | 07 AUG | 08 AUG | 09 AUG | 10 AUG | 11 AUG | 12 AUG | 13 AUG | 14 AUG | |
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| Darius Dale | · | · | · | · | · | · | · | · | · | · | · | ▲ | ▲ | ▲ |
| Jason Shapiro | · | · | · | · | · | · | · | · | · | · | · | · | ▼ | ▼ |
| Michael Howell | · | · | · | · | · | · | · | · | · | · | · | ▲ | ▲ | ▲ |
Sentiment Heatmap
| 01 AUG | 02 AUG | 03 AUG | 04 AUG | 05 AUG | 06 AUG | 07 AUG | 08 AUG | 09 AUG | 10 AUG | 11 AUG | 12 AUG | 13 AUG | 14 AUG | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Darius Dale | · | · | · | · | · | · | · | · | · | · | · | ▲ | ▲ | ▲ |
| Jason Shapiro | · | · | · | · | · | · | · | · | · | · | · | · | ▼ | ▼ |
| Michael Howell | · | · | · | · | · | · | · | · | · | · | · | ▲ | ▲ | ▲ |