{"id":59511,"date":"2012-02-16T10:30:31","date_gmt":"2012-02-15T23:30:31","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2012\/02\/16\/copper-worries\/"},"modified":"2012-02-16T10:30:31","modified_gmt":"2012-02-15T23:30:31","slug":"copper-worries","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2012\/02\/16\/copper-worries\/","title":{"rendered":"Copper Worries"},"content":{"rendered":"<p>\n\tBy Rudi <span>Filapek-Vandyck<\/span><\/p>\n<p>\n\tCopper is looking increasingly weak on price charts, report technical market analysts at Barclays Capital. It seems to have them worried.<\/p>\n<p>\n\tYesterday, the analysts confidently predicted copper was due for a pull back but at around US$8280\/<span>tonne<\/span> they&#039;d be taking a &quot;long&quot; position. Today, they&#039;re not so sure anymore about this scenario unfolding, instead suggesting US$8280\/t is the &quot;tipping point&quot;. If and when copper prints a price below this level the said analysts would (temporarily) run for the hills instead as that would signal a return to US$7170\/t is on the cards they say.<\/p>\n<p>\n\tCopper closed at US$8350\/t on the <span>LME<\/span> yesterday.<\/p>\n<p>\n\t<img decoding=\"async\" alt=\"\" src=\"http:\/\/www.fnarena.com\/ckfinder\/userfiles\/images\/Copper_Weakness_Feb2012.jpg\" style=\"width: 670px;height: 390px\" \/><\/p>\n<p>\n\t<strong>Technical limitations<\/strong><\/p>\n<p>\n\t<strong><span style=\"font-style: italic\">If you are reading this story through a third party distribution channel and you cannot see charts included<\/span>, <em>we <span><span>apologise<\/span><\/span>, but technical limitations are to blame.<\/em><\/strong><\/p>\n<p>\n\t<em>Find out why <span>FNArena<\/span> subscribers like the service so much: &quot;<a href=\"http:\/\/www.fnarena.com\/index4.cfm?type=dsp_newsitem&amp;n=29EB960D-9DFF-C00E-7F6B464E5D52E250\">Your Feedback (Thank You)<\/a>&quot; &#8211; Warning this story contains unashamedly positive feedback on the service provided.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Underlying weakness in copper has chartists at Barclays worried.<\/p>\n","protected":false},"author":3,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_acf_changed":false,"footnotes":""},"categories":[7],"tags":[23],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/59511"}],"collection":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/users\/3"}],"replies":[{"embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/comments?post=59511"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/59511\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=59511"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=59511"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=59511"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}