dinsdag 11 juni 2013

Copper Contango Report Shows Weakness to Come

We thought that the contango was going back to backwardation, but lately we see a reversal again.

This is a not so positive development for commodities and stocks.


Gepost door op 22:28
Labels: ,

1 opmerking:

  1. Anoniem12 juni 2013 om 09:13

    The strengthening of the copper contango seems to be supported by Technical Analysis from Paul Kavanaugh at FuturePath Trading LLC, according to this report on Bloomberg.

    Copper dropped to $7,065 per tonne ($3.025/lb)on June 11th, after China's posted its lowest annual export growth rate in almost a year in May at 1 percent, according to Reuters.

    BeantwoordenVerwijderen

Abonneren op: Reacties posten (Atom)