Colosseum a.s. (Colosseum a.s.)
Commodities  |  March 22, 2013 15:49:28

Copper prices may fall further



ColosseumCopper futures contract for delivery in the month of May, which is traded on the Stock Exchange New York Mercantile Exchange (NYMEX), broke through strong resistance. On the weekly chart, we can see great technical formation in the shape of a triangle. This triangle began to form in September last year. Currently, we expect the weakening copper price of $ 3.30 per pound, or possibly up to the price of $ 3.00 per pound. Chart: Weekly chart of copper prices unadjusted effect of scrolling TO THIS MESSAGE MAY APPLY Decree No. 114/2006 Coll., On the fair presentation of investment recommendations. IN THIS REPORT IS THE PERSON STATED THAT THIS MESSAGE TO COMPANY ESTABLISHED OR PREPARED. ADMINISTRATIVE OFFICE THAT UNDERTAKEN BY OVER SURVEILLANCE, THE CZECH NATIONAL BANK. ACCORDING TO THINK THERE ARE CIRCUMSTANCES, which could impair OBJECTIVITY THIS REPORT.Remuneration to persons who participated in the creation of this report is NOT DERIVED FROM TRADES COMPANY. Potential conflicts of interest in relation to this report is regulated by internal regulations. PAST RESULTS ARE NOT ANY WARRANTY PERIOD FOR FUTURE DEVELOPMENT. TRADING NAand # 160; FINANCIAL MARKETS IS RISK. NOT EXCLUDE THE POSSIBILITY OF LOSS AND EVERY TRADE is associated with certain risks. BEFORE YOU DECIDE TO INVEST, POUČENÍand READ # 160; OANDA # 160; RISKS.

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