{"id":60046,"date":"2012-06-04T12:39:25","date_gmt":"2012-06-04T02:39:25","guid":{"rendered":"http:\/\/www.fnarena.com\/index.php\/2012\/06\/04\/base-metals-technicals-look-ugly\/"},"modified":"2012-06-04T12:39:25","modified_gmt":"2012-06-04T02:39:25","slug":"base-metals-technicals-look-ugly","status":"publish","type":"post","link":"https:\/\/staging.fnarena.com\/index.php\/2012\/06\/04\/base-metals-technicals-look-ugly\/","title":{"rendered":"Base Metals Technicals Look Ugly"},"content":{"rendered":"<p>\n\tBy Rudi <span>Filapek-Vandyck<\/span><\/p>\n<p>\n\tThe team of technical market analysts at Barclays adopted a Greater Bearish view on base metals in May, predicting investors should not expect to see the likes of copper, <span>aluminium<\/span> and nickel find a bottom just yet. It would appear that, despite some heavy falls in recent sessions, the Barclays team is not willing to give up on that view just yet.<\/p>\n<p>\n\tThe chart below can serve as a general summary of what the <span>technicals<\/span> are saying about base metals at the start of June, and one would have to agree with the analysts: it ain&#039;t looking pretty.<\/p>\n<p>\n\tNote the analysts are now also observing the charts for crude oil don&#039;t look good either, while gold, on the other hand, is starting to (finally!) attract safe haven funds inflows.<\/p>\n<p>\n\t<img decoding=\"async\" alt=\"\" src=\"http:\/\/www.fnarena.com\/ckfinder\/userfiles\/images\/Base_Metals_Barclays_June2012.jpg\" style=\"width: 670px;height: 534px\" \/><\/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>Chartists at Barclays anticipate steeper losses for base metals.<\/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":[23,24],"acf":[],"_links":{"self":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/60046"}],"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=60046"}],"version-history":[{"count":0,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/posts\/60046\/revisions"}],"wp:attachment":[{"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/media?parent=60046"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/categories?post=60046"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/staging.fnarena.com\/index.php\/wp-json\/wp\/v2\/tags?post=60046"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}