Commodities in negative territory – once again |
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Thursday was a mixed day for commodities, but the trend was primarily declining. After a general rebound for commodities on Wednesday, focus was on Thursday once again on the declining growth. In addition, a stronger US dollar characterised the market. Copper: We take profit on our recommendation to sell copper. Yesterday’s increase from the point of support at USD 7,200 a tonne towards the resistance level at USD 7,600 a tonne and then back again makes us less certain about a further setback.
Filed under: Futures
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