Miners higher as copper bounces

Discussion in 'Technical Analysis' started by FXStreet_Team, Dec 18, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

    Oct 7, 2015
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    Miners higher as copper bounces by Brenda Kelly A squeeze higher in the mining sector falling the additional falls yesterday is preventing a complete sea of red on the FTSE this morning as we see a mild bounce in copper prices. The $2/lb level seems to be providing a floor for the base metal for the time being but the trend and indeed the outlook for copper prices is not all that positive. China’s Beige Book allegedly shows deteriorating economic conditions and given that it is the world’s

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