Post by capitalstars Equity tips on Oct 28, 2015 19:40:33 GMT 8
COPPER: Copper added 13 points to 2.371 recovering slowly on Chinese rate declines along with promises of additional stimulus from the ECB. The third quarter of 2015 was the worst yet for commodity prices. Copper, the industrial metal that is a barometer for global economic health. Copper inched up after China cut interest rates late week to shore up growth in the world's No.2 economy. Traders had mixed views on China's rate cut after poor price action following the announcement on Friday, when prices initially popped up before cutting gains and turning negative.
CS COPPER (NOVEMBER) OVERVIEW:
TREND :BEARISH
RESIST 2:346
RESIST 1:344
SUP1:338
SUP2:336
STRATEGY: SELL ON RISE
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