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Thread: Copper Fundamental Analysis.

  1. #1
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    Copper Fundamental Analysis.

    The price of copper futures trade today observed a decline. The weakening of the current copper price movements caused by the impact of negative sentiment from rising U.S. jobless claims data for last week by 14K into 348K

    Copper futures prices today declined by 0.1% to 7025 dollars per metric ton on the London Metal Exchange. While the price of copper futures on the Comex in New York, declined 0.5% to 3.201 dollars per pound.

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    On the Comex division of the New York Mercantile Exchange, copper futures for May delivery held in a range between $3.194 a pound and $3.208 a pound. The May copper contract lost 0.37% on Wednesday to settle at $3.202 a pound.

    Copper prices edged lower on Thursday, as investors remained cautious ahead of the release of upcoming U.S. economic data and a policy meeting by the European Central Bank.

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    Copper futures prices are still declining. The weakening of the copper movement is triggered by the impact of the Fed's plan will increase the benchmark interest rate at least equal to 1% in 2015.

    The price of copper futures trade today fell 1% to 6485.25 dollars per metric ton on the London Metal Exchange. This year, the price of copper futures have declined by 11%.

    For today's forecast, the price of copper is expected to still look forward to the release of the U.S. manufacturing index data and home sales data for the month of February.

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    Thanks for sharing, well here is my own original analysis:

    The price of copper futures is falling again, The price of copper futures falling down to $2,929 per pound in NYMEX while in Shangha Commodity Market, the price fall down to 45000 Yuan or $7234 per ton.

    This issue happening because negative sentiment from China Manufacturing Index for last february which is fall about 0.4 point to 48,1 point, and because of that bring more speculation that the demand for Copper will be lower than before.

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    My analysis for Copper today:

    Copper futures prices today rose to 6494.25 dollars per metric ton on the London Metal Exchange. Rising copper price movements caused by the report that the largest copper mining company in Chile, Anglo American Plc to be closed.

    Copper price movements in the short term is not yet safe from the measured attenuation and further negative movement, because there are two economic data will again be the parameters for the copper price movement that is new home sales data and consumer sentiment data for February U.S. last to be released on the eve of Here you are.

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    My Copper Analysis:

    Rebound movement which happened yesterday in fact is not continue as many people expected. Today Future Copper price dropped about 0.7% to $6554,25 per ton metric at LME.

    Copper price movements assessed will still shaded by the negative sentiment, especially from the global economic fundamentals which is still not stable. Moreover, at the same time the performance increment of USD against other major currencies instead burdensome for Copper importer.

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    In trading today price of copper has increased. Currently the price of copper has increased by 0.7% to 6554 dollars per metric ton on the London Metal Exchange.

    After experiencing decline yesterday, the industrial metals lifted by sentiment regarding the potential increase in demand in the short term where the hedge funds and investors also considered that the price of copper has entered a state of "oversold".

    Potential movement of the price of copper is still considered quite vulnerable to a correction. Currently the focus of market is still drawn to indication of impairment metal demand in China in line with the economic slowdown in the country.

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    MY TODAY ANALYSIS:

    The price of copper futures today again showed a stronger condition. Copper futures prices today rose to 6604.5 dollars per metric ton on the London Metal Exchange, since there are some speculation about Copper.

    Copper futures movement gained encouragement after the report from Freeport-McMoran Copper & Gold Inc said it is only capable of producing copper mines region at Grasberg, Indonesia, by only 50% output production.

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    Today's Analysis:

    The price of Copper Futures today observed experiencing a weak condition, even Copper just recover in the last trading session. There is a bearish sentiment because of investors still waiting for Yellen Speech tonight that maybe will talk about USD interes rate issue.

    Today's price of copper is about $6640 per metric ton in LME, as for the other fundamental indicator like China's Economy Development i think in short term, Copper will tend to weakening rather than gain more strength

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    Copper Analysis for Today:

    Copper futures today observed experiencing a downward movement at COMEX. For May deliver copper futures drop about 0.57% to $3.028 per ton metric. The downward movement happening after China give a mini stimulus packet to china's economy which show a slowdown, which make Copper's investor dissapointed.

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