09.07.2015 - Copper, Zinc Jump on Bets Skid in Industrial Metals Was Overdone
Copper jumped the most in five months and zinc posted the biggest gain in a year on speculation that the slump in industrial metals to the lowest since the global financial crisis was overdone. Bellwether copper’s 14-day relative-strength index, a gauge of price momentum, fell below 30 on Tuesday, with other metals around the threshold. That’s a signal to analysts who study charts that metals may have fallen too fast. Traders with bearish bets have been making purchases to unwind those positions, Bank of China International Ltd said...............................................Full Article: Source
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