Copper: Analysts expect volatile trading

Category: News Commodity Exchanges | Commodities sector | Time: 09:34
Copper 7300.00 -3.72% to the value of options:
Zurich - Since the beginning of the month, the copper price has moved
in a range 7357-8062 U.S. dollars per tonne, with the intraday trading
range was twice as much as $ 250. According to the analysts at Credit
Suisse this week is to be expected on the copper market is a volatile
trading. The market is very favorable economic data between on the one
hand, and the systemic risks in the euro zone on the other hand, torn,
writes Tobias Merath in today's "Daily Research".
Important for the courses are in this week on Wednesday the release
of the purchasing managers' indices of the euro zone as well as new
orders for durable goods in the U.S.. Any recommendations to develop
the super-committees in the U.S. that savings of up to 1.5 trillion
U.S. dollars, as well as to identify potential price drivers.
Altogether we think the metals industry but currently remains the most
risky for resource sector.