May 2012 | Base Metals
Reading investor psychology key to short-term price forecasting: Copper - Market Analysis
The tightness in copper spreads has eased and prices have retreated. We have called the weekly copper price direction correctly for the last 14 weeks, and 23 weeks correctly during the last six months. Our view at the moment is that demand concerns may take prices lower still in the short term after they have consolidated recent losses.
Our price forecast scorecard
Each week we make a call on the direction that prices for each base metal will take during the week. This price trend indicator is presented in the table on the front page of this report and we keep a track record of our performance. The running results show that we have negotiated recent price volatility well, as we have called the weekly copper price direction correctly for the last 14 weeks, and...
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