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Base metal rallies signal short-term uptrends

Posted on 26 March 2009

From Reuters: Price breakouts in base metal markets late last week point to more short-term gains, but whether those rallies can push past an initial bout of enthusiasm would first require a sustained sideways pattern around newly achieved peaks.

In copper, though other base metal charts concur, a sharp move up last Thursday to levels last seen in November convinced some analysts that a new leg up had begun…….Full Article: Source


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VRS - who has written 39837 posts on Opalesque Commodities Briefing.


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