Mountains of copper are stockpiled everywhere. China PMI just printed under 50. Bad news.
Copper bounce is over. China PMI prints below 50. Lowest in 7 month.
Started by
ogm
, May 22 2013 09:04 PM
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#1
ogm
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- Traders-Talk User
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Posted 22 May 2013 - 09:04 PM
Copper managed to bounce to the moving averages out of some seriously oversold condition. Now oversold is resolved and the glut of copper in the world is bigger then ever.
Mountains of copper are stockpiled everywhere. China PMI just printed under 50. Bad news.
Mountains of copper are stockpiled everywhere. China PMI just printed under 50. Bad news.
