19.10.2012 - Copper bears cede to bulls as economy seen gaining: Commodities
Copper traders who a week ago were the most bearish in four months are now the most bullish in a year after economic reports signaled accelerating growth from China to the U.S. Seventeen analysts surveyed by Bloomberg said they expect prices to gain next week and four were bearish. A further three were neutral, making the proportion of bulls the highest since October 2011. They were the most negative since June 1 last week. Hedge fundsí bets on a rally are near the biggest in 14 months, U.S. Commodity Futures Trading Commission data show...............................................Full Article: Source
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