copper futures

Copper futures – prices continue to climb higher

admin — Fri, 03 Dec 2010 22:07:06 +0000

March copper futures ended the week in positive mood, closing marginally above the 400 price point at 401.30 and ending with a narrow spread up candle, which built on the momentum from earlier in the week, which saw the base metal climb from a low of 370, and end with five consecutive days of gains. [...]

Copper future chart – December copper futures

admin — Tue, 16 Nov 2010 12:30:56 +0000

December copper futures recovered some of the lost ground on Friday following the sharp sell off across the commodities sector, as rumours of a Chinese rate rise shocked the markets, which reacted violently to the possibility of a reduction in demand. Yesterday’s trading for copper was more positive, following the decision by the People’s Bank [...]

Copper futures chart – 15th November 2010

admin — Sun, 14 Nov 2010 19:05:46 +0000

The commodity markets in general and copper futures in particular suffered a sharp sell off on Friday, as speculation increased that China will move it’s interest rates higher again, as it attempts to dampen the threat of inflation which is now becoming an increasing issue for the Chinese economy. As such the commodity markets pulled [...]

Copper Futures Analysis 10 Nov 2010

admin — Wed, 10 Nov 2010 19:01:47 +0000

Yesterday’s surge in the December copper futures contract saw the base metal break above the 400 price point before closing marginally below the 405 level as a wide spread up candle with a small wick to the lower body. Following last week’s recovery and hold above all three moving averages, the bullish trend for copper [...]

Copper futures extend bullish trend

admin — Mon, 08 Nov 2010 17:09:56 +0000

The December copper futures contract closed higher once again on Friday, ending the futures trading session with a relatively narrow spread up candle which built on the solid gains of Thursday, and closing the week just below the 395 price level. As such, Thursday proved to be a decisive day as we broke and held [...]