The Traderszone Network

Published in TZ Latest News 22 November, 2015 by The TZ Newswire Staff

Copper Futures Crash Close To ‘1’ Handle Amid Record 14th Daily Drop In A Row

Front-month (Dec) copper futures are trading near $200 ($200.15) for the first time since March 2009 as the collapse in the global economic indicator extends to an unprecedented 14th day in a row. The ongoing collapse appears to have finally impacted Chinese equities which have given up the morning’s gains and are drifting rapidly lower. Overall, as Goldman warns, the metals market appears to be increasingly pricing concurrent and/or future weakness in China’s old economy.

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