Copper is Poised For a Bullish Breakout

Seeking Alpha reported that copper is in the process of bullish breakout.

As quoted in the market news:

Much panic selling has been triggered over the last two months on the fear that the global economy is plunging into a double-dip recession, but the numbers from Caterpillar and the statements from these two CEOs point to healthy demand for basic materials. If demand for basic materials remains strong, and growing, it is unlikely that the global economy is contracting.

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