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Copper: 10% downside ahead means China recovery at risk

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 11, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The link between China and Copper, and a possible trade for the metal was what Francis Hunt, The Market Sniper, had on his mind when he joined Nick Batsford and Zak Mir on the Tip TV Finance Show. Hunt outlined that Copper was following the China growth cycle, and the metal has been in a sustained downtrend before the China news was confirmed. He believed that Copper around 10% to below $200, and this continued downside is a possible sign that the China recovery is not as strong as we thought.

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