MB:SHFE copper stages weak rebound in gloomy market
Shanghai Futures Exchange copper rebounded weakly from Wednesday's 2011 low and looks in danger of crashing through its technical support of 65,000 yuan ($10,168) per tonne
Shanghai Futures Exchange copper rebounded weakly from Wednesday's 2011 low and looks in danger of crashing through its technical support of 65,000 yuan ($10,168) per tonne. The benchmark November contract fell to an intra-day low of 64,700 yuan per tonne, before closing at 65,080 yuan, up just 30 yuan from Wednesday. "Copper is weak and talks about copper reaching new highs in the rest of the year have cooled down...