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Technical Analysis #C-COPPER : 2015-10-16

Discussion in 'Technical Analysis' started by FXStreet_Team, Oct 16, 2015.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Copper rebounds as supply rebalances Copper prices are rebounding on output cuts by major producers. Declining capital expenditure plans for mining expansion also contribute to supply rebalancing. Will copper prices continue recovering on the backdrop of slowing global economic growth? Copper prices have been rising from a six-year low in the last ten sessions as major producers Glencore Plc, Freeport-McMoRan Inc. and others announced output cuts. Glencore has said it will close copper mines in

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