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Copper: The bullish U turn

Posted on 26 June 2013

Copper futures seem to have come a full circle or has taken an abrupt U-turn, as analysts say. The commodity was in an extreme bearish territory in the morning as China credit crunch situation loomed large on markets.
The soothing words from Peoples Bank of China’s deputy director of the Shanghai branch that China would maintain money market rates at reasonable levels even as the seasonal forces that drove the rates up would fade. The liquidity risks that the system faced was controllable and the PBOC would closely monitor rates………………………………………..Full Article: Source


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