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Commodities Briefing - Categorized | Metals and Minerals, Price Watch more

Metals under pressure as double bottoms breached

Posted on 14 November 2008

From Commodities-now.com: The metals opened on an up note on Wednesday, but prices then came under pressure with copper and aluminium reaching fresh lows, while the others held their heads above water, but by the close all metals were above the October lows.

Given the weakness in the Dow and oil and the strength in the dollar yesterday afternoon it is surprising that the metals did not come under further downward pressure. The fact they didn’t does suggest some good scale down buying interest is around…… Full Article: Source


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