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Tuesday, February 17, 2009

UPDATE

Copper fell to its lowest in more than a week

on Monday, hurt by a further deterioration in

the demand outlook after Japan suffered its

biggest contraction in decades and inventories

jumped.


Copper for delivery in three months on the

London Metal Exchange fell as low as $3,307 a

tonne and ended at $3,330 a tonne, versus

Friday's close of $3,430.


An unprecedented slump in exports saw Japan's

economy shrink 3.3 percent, marking three straight

quarters of contraction and its worst result

since the first oil crisis in 1974.

3 comments:

Unknown said...

CMP is 162, is it advisable to sell copper here? What should be the TP? Thanks sir.

akshaya said...

SUNIL,

WAIT FOR COPPER CALL.
AKSHAYA

akshaya said...

SUNIL,

VISIT COPPER BLOG FOR BUY CALL.
AKSHAYA