| Copper and nickel led an industrial-metals rebound on speculation that the slump encouraged some traders to close out bearish bets. The 14-day relative-strength indexes for each of the six main contracts on the London Metal Exchange were near or below the level of 30 that indicates to some traders that prices may be poised to rebound.
Crude oil helped spark a rally in commodities as tensions in the Mideast rose after Turkey shot down a Russian warplane. The LME's gauge of metals reached the lowest since April 2009 on Monday and has slumped 26 per cent this year as a slowdown in China, the top commodities user, cut demand and added to a glut of metal...............................................Full Article: Source
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