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Tag archives: LMECP
Copper – Hold or Fold?
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (KS): …
FIS Copper Technical Report
Please click below to view the report For more information please contact FIS info@freightinvestor.com London +44 (0) 207 090 1120 Singapore +65 6535 5189 Dubai + 971 4 449 3900 Shanghai: +86 21 6335 4002 US (CT): +1 203 325 8004 US (KS): +1 813 490 …
FIS Technical – Copper Rolling 3 Month
Globally bullish or a bullish bubble?
It started in China. Base metals, equities and now iron ore have caught the bull market bug that started five days ago on the Shanghai Composite Index. The index was up nearly 6% from the close on Friday, capping five days of gains that has seen a 12.5% increase in the last five sessions. Optimism …
Copper – A leading indicator or localized to China?
China Demand Pushes Copper Higher
Copper continues to make new highs and is now at its strongest level since February 19, driven by vigorous demand from China. Like iron ore, demand is strong, whilst mine closures caused by Covid-19 have restricted supply. This means previous predictions of a surplus are likely to be erased, creating an unexpected V-shaped recovery. In …
Copper Rolling 3 Month Morning Technical Comment – 240 Min Chart
Copper Bulls Maintain Control
Having initially reacted negatively to the the Chinese stimulus two weeks ago the futures found buying support at the 55 day average. The bulls maintain control pushing the futures back to (and slightly above) the highs from the 21 – 05 – 20 Control, but not dominance, four days of upward price action is …
Copper Rallies After Trump Remarks, China Data
Copper in Shanghai headed for its best close since March in a relief rally after U.S.-China tensions eased and manufacturing data from the Asian nation pointed to a continuing slow recovery. President Donald Trump’s threatened new measures against China proved weaker than expected, easing a major source of market jitters over the past week. That left …
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