News:

This week IPhone 15 Pro winner is karn
You can be too a winner! Become the top poster of the week and win valuable prizes.  More details are You are not allowed to view links. Register or Login 

Main Menu

Chartists say base metals in bear market rally, for now

Started by staff, March 25, 2009, 09:00:53 PM

Previous topic - Next topic

0 Members and 1 Guest are viewing this topic.

staff

Chartists say base metals in bear market rally, for now
      


After the Federal Reserve said last week it would buy about $1 trillion of long-term U.S. debt, copper rallied to price levels seen in November.  Other base metals followed higher. 

Technical analysts at RBC Capital Markets referred to current metal action as “jobbers markets and not trends,” warning bulls “to beware of getting married to their positions in these choppy [...]
         

You are not allowed to view links. Register or Login