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Copper May Rise as Chinese Manufacturing Growth Accelerates
Dec. 01, 2010 11:19PM PST
Base Metals Investing Bloomberg reports that Copper may rise as manufacturing speeds up in China.
Bloomberg reports that Copper may rise as manufacturing speeds up in China.
The market news is quoted as saying:
Prices yesterday reached the highest level since Nov. 12 after figures showed on the prior day that manufacturing accelerated in China for a fourth month. The U.S. Dollar Index’s 14-day relative strength index this week rose above 72, exceeding the level of 70 that signals a potential impending drop to some analysts who study technical charts.
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