Sell Signals – Copper, Uranium, Oil – UK In The Mahmood?
17Jul2026
It’s the Summer silly season, which makes markets more jittery than normal as the juniors man the trading desks. Global money managers have gone “all in” and then gone on holiday. What could possibly go wrong? Continued spending on AI is economically positive but coming up against the most basic constraints, such as bricklayer shortages. Copper and uranium are interesting winners from the spending trend, and oil looks an interesting buy, as we explain. The UK has again enjoyed some stubborn buying, as most markets drifted over the week, with UK sentiment buoyed by leaks on the new Chancellor. READ ON…
By Brian Dennehy
Access Level | public
Market commentary