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Peter Goodburn
  • Peter Goodburn

COMMODITIES OUTLOOK - December 2016

Highlights Base Metals – The base metals sector has realigned itself to other major commodity markets in confirming multi-year uptrends began late ’15, early ’16. Copper broke initial overhead resistance at 5131 into the second week of November and later the 5505+/- area which negates the downside risk of a breakdown to retest the January lows. Its continued thrust higher has confirmed January’s low as ending the entire 5-year counter-trend decline that began from the Feb.’11 highs as ...

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