Tag: Copper trading
Copper Bounce – More To Come?
Ask anyone who watches the copper market religiously and they’ll likely tell you the same thing… The past four months of trading has been akin to watching paint dry. The red metal has been stuck in a downright boring trading channel between $3.15 and $3.35 a pound since mid-August. Take a look… As you can […]
Copper Is Ready To Explode!
Copper bulls take note. Recent Chinese economic data supports the idea that the red metal is underpriced. Let me explain… As you may have heard, China’s September service purchasing manager’s index (PMI) recently came in at 55.4. That’s a very bullish report since a reading of 50 or higher represents an overall increase in Chinese […]
