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Resistance should be on the red copper, not over-pursuing high - Liyuan copper market early assessment

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Benjamin Lane 
Asked at 2011.06.07 01:04:36
Resistance should be on the red copper, not over-pursuing high - Liyuan copper market early assessment
answer Ivy Bush  Answered at 2011.06.07 01:04:36
Resistance should be on the red copper, not over-pursuing high - Liyuan copper market early assessment NAR (National Association of Realtors) 2 announced the U.S. July pending home sales index rose 5.2% to 79.4. Moderate increase in the data, better than expected, so as to ignite the sluggish housing market a glimmer of hope. U.S. Department of Commerce (Commerce Department) 2 announced, new orders for manufactured goods the United States in July rose 0.1% to 4,094.8 billion, due to commercial aircraft and other transportation products, orders. Data showed the U.S. on August 28 when the number of claims for unemployment benefits decreased by 6,000 to 47.2 million, is expected to 47.5 million. U.S. data yesterday, a sudden unexpected turn for the better, the market's worries about the economy from the early second bottom, a sudden change in tone may raise interest rates next year, the United States, and also the interest rates yesterday, the Swedish central bank, raised its benchmark rate by 0.25%, while the euro-zone interest rates to maintain unchanged, there are still concerns on the economy early, while Spain successfully issued 3.3 billion euros (42 billion U.S. dollars) in 5-year bonds, reducing the market for 16 members of the euro zone sovereign debt crises. The news provided support for the euro. Refers to the United States down, boost non-ferrous metal prices. Copper from the current trend of view, still maintain the integrity of the upstream channel, but because of the current economic environment is more repeated, especially in the U.S. economy to the market proved difficult for the truth, although the demand side is more good, but can only serve to boost, rather than rise reason. The author has been overly pessimistic on the copper, the callback rate of more limited, but the process is continuous on the red seems a bit basic support does not need to shock or a callback to a solid foundation, and the domestic price of copper nearly 6 million mark, compared with the resistance large. It is proposed that a small amount of stock rallies partial shipments, while waiting for the procurement is expected payrolls data tonight, poor, or suppressed copper. Copper & 0.33%, slightly higher yesterday, the U.S. economic data improved slightly lower market expectations on the economy second bottom, waiting for this non-farm employment data, the proposed shipments of small batches ralliesi Yuen Statement: The above point of view, only for reference; accordingly operate your own risk. i Yuen statement: Liyuan exclusive edition for the information above, please indicate the source reproduced without consent reproduced without change, we reserve the right to pursue.
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