Copper- Fundamental vs Technical Analysis
AvaTrade | Apr 01, 2015 07:40AM ET
Fundamental Analysis
The Chinese PMI data was emboldening on every angle however, it has dampen the speculations in the market for more QE, which is the biggest addiction for the market these days. Hence we are not experiencing any mammoth move for copper today. However, later in the day, we have raft of economic data due for the US economy and a strong reading for the ISM manufacturing and employment could translate more demand for the metal.
Technical Analysis
2.68-2.64 Support Zone
2.92-2.89 Resistance Zone
Disclosure & Disclaimer: The above is for informational purposes only and NOT to be construed as specific trading advice. responsibility for trade decisions is solely with the reader.
by Naeem Aslam
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