Intraday Market Thoughts
Copper Stopper – Another 15% decline?
Jan 14, 2015 15:42
As copper plunged 5% today, our charts show the sixth weekly increase in copper warehouse inventories at the LME and so If copper sticks to its historical trend-reversion, it would 200-month moving average as has been the case in each 6 years, which means another 15% decline from here. Full charts and analysis here.
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