Copper Futures: Rebound on the cards?

Open interest and volume shrunk by around 5.5K contracts and nearly 23K contracts, respectively, on Tuesday according to advanced figures from CME Group.

Copper could attempt a bounce in the near-term

Prices of the futures of the base metal have been losing ground uninterruptedly since January 15^th. Tuesday’s price action, however, was amidst diminishing open interest and volume, all indicative that a rebound could be shaping up in the short-term.