Tactical Increase in Copper Exposure via Futures (HGZ6)

about 1 month ago

SPEAKER_01 (Eric Townsend)

"I told you guys a couple of times in the last few weeks that I would be tempted to add to my long copper position. And guess what? Listening to the last couple of episodes and our expert guests\' opinions really confirmed that long copper view persuaded me to add considerable size this week to my long HGZ6. I increased my futures position on copper by 50% just hours before Freeport-McMoran declared force majeure following a serious mine accident."

In this actionable trade insight, the speaker reveals he increased his copper futures position (ticker HGZ6) by 50%. The move comes on the back of strong long-term bullish sentiment for copper, supported by technical rebalancing gains and market signals. Despite recent supply disruptions, the decision reflects a tactical rebalancing strategy aimed at capitalizing on further upward momentum in copper prices.