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Forecasting the price of copper requires analyzing a bled of factors such as supply and demand factors, global economic growth, industrial production, and geopolitical risks, as well as, the US dollar exchange rate and interest rates.
Using the Indicio methodology, we've uncovered the most relevant leading indicators driving the prices.
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When there is a significant increase in searches related to scrap copper prices, it suggests a higher level of interest in tracking and understanding the market value of copper.
Monitoring the "Copper Comex Stocks Total" allows market participants and analysts to assess the balance between supply and demand and make informed predictions about future price trends.
Similar to the Comex stocks, the amount of copper stored in LME warehouses, such as those in Hamburg, reflects the available supply of the metal in the market.
Going from using the same 5 indicators, to testing a large set of indicators, they received immediate feedback on which indicators to use or consider for each forecast.
This also gave them the ability to track market trend shifts at a higher frequency and improve their forecasts.
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We bieden geautomatiseerde voorspellingssoftware die geavanceerde academische methoden combineert met marktspecifieke toonaangevende indicatoren. Dit helpt uw organisatie om het hoogste niveau van voorspellingsnauwkeurigheid te bereiken.
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