Forex Journal

Friday, May 18th

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Other Precious Metals

Copper Traders Most Bullish in Two Months as Hedge Funds Buy: Commodities

Copper traders are the most bullish in two months on speculation that demand will strengthen from the U.S. to China at a time when stockpiles monitored by the world’s biggest metals exchange are at a 2 1/2 year low.

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Copper May Fall on World Bank’s Lower Forecast for Global Economic Growth

Copper may fall in New York from a 16-week high after the World Bank cut its forecast for global growth by the most in three years, casting doubt on prospects for demand.

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Copper posted modest gains on Friday

Crude

A positive global sentiment and a weaker US dollar underpinned rising crude prices on Friday.

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A Look at Base Metals Technicals

Not too long ago, base metals were the hottest of commodities.

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