Boost ETP also believes that the current weakness in copper is largely attributed to poorer fundamental factors, whereas prior price dips were tied to bearish speculative positions by hedge funds and active traders.
Traders can access copper price movements through the exchange traded note, iPath Dow Jones-UBS Copper Subindex Total Return ETN (NYSEArca: JJC). JJC is down 15.6% year-to-date.
For more information on copper, visit our copper category.
Max Chen contributed to this article.