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Copper bounces back … for now

Discussion in 'Technical Analysis' started by FXStreet_Team, Nov 24, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    The price of copper has bounced back after suffering heavy losses in recent days which saw it drop for a time to its lowest level since May 2009. Not that US data had any material impact previously, but the upward revision to the third quarter GDP estimate has been cited as the reason for today’s bounce in copper and other commodities. In truth, the US numbers were far from strong, with CB’s consumer confidence barometer, for example, plunging almost 9 whole points to 90.4 while the Richmond

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