Monday, September 17, 2018

Copper rose to four month high

Copper rose to a four-month high on Chinese wave

September
copper futures on unit Comex
New York Mercantile Exchange, while
European morning trade, up
0.25% (up to 3,265 per dollar
lb). The range of traded prices - in
between $ 3,247 and
$ 3,269 per pound. these values
are very close to April
maximum. Most likely, in the near future
while futures support will
is at $ 3.237 / lb
(This is at least 7 July), and the resistance -
to $ 3,294 / pound (this is the maximum
July 8).


such movements
copper due to the publication of data
from China, where consumer inflation
prices rose by 2.3% in annual terms.
In this case, price inflation proizvoditeleyupala
1.1% (it is more
0.1% predicted). these data
quite positive, and given the fact that
China consumes 40% of global copper, then
Copper futures on the statistics from
Celestial is also, of course, influenced.






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