Sat, 15 Sep 2007 04:19 PM
Tags:
market
,
copper
,
Surprise
,
Increase
The copper market in July established new highs and created stable corrective movements afterwards. At the beginning of the month, the market broke June’s high at 7,773, dynamically moving upwards. The next couple of weeks in July brought depreciation of copper, which seemed to be a corrective movement. July’s high reached 8,280. A little bit lower than the April 2007 high at 8,363. Due to this fact, the mentioned correction should have not been a surprise, since it is a form of stabilization be