Copper Falls the Most in Two Weeks

- January 5th, 2011

Bloomberg reports that Copper fell the most in almost two weeks in London.

Bloomberg reports that Copper fell the most in almost two weeks in London.

The market news is quoted as saying:

Copper for three-month delivery on the London Metal Exchange slid as much as 1.5 percent, the most since Dec. 23. The metal’s 14-day relative strength index, a gauge of whether a commodity is overbought or oversold, last week rose above 73, exceeding the level of 70 viewed by some analysts who study technical charts as a signal of a potential impending drop.

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