claudiowall
Long

Optimism about #copper prices for this month: China investment

FX:COPPER   CFDs on Copper
Deteriorating demand expectations has induced volatility in price of copper             , however, has recovered steadily around 8% of its value in the last two months. China main importer and consumer worldwide has seen fall its HSBC             Purchasing Managers' Index (PMI) from 50.7 in February to 49.6 in March, signalling to Renewed deterioration in the health of the sector. However, pro-growth Measures from China and a potential delay of the Fed's interest rate May lend support to copper             prices, and China's accelerating investment in infrastructure projects will Contribute to stronger copper             demand as well, in turn boosting copper             prices.
The price has fluctuated around the moving average of 100 periods within a bullish regression channel with support at 2.55 and resistance in 2.9, during the month of April, the price could move about 5%
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out