Saxo Bank's head of equity strategy Peter Garnry is looking to short copper. Garnry says that global copper miners have underperformed and he sees a possible setback in the copper price over the next three months.

Garnry is looking to short companies such as Glencore, Freeport-McMoRan and BHP Billiton.

However, in the long term Peter Garnry is positive with regards to copper. He believes that the supply and demand picture will change and he says that miners have showed robust performance recently.