Friday, 16 August 2013

Dr. Copper morose...

Truly dreadful looking 6 month chart for copper, the spot price deteriorating from above US$3.75/lb to below US$3.05/lb as sentiment has declined.

If I was a technical analyst, I'd be tempted call a bounce off these levels, in the hope of a breakout above $3.20.



Source: kitco

No comments:

Post a Comment