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Copper Traders the Most Bullish Since August After Biggest Rout Since ’08

October 7 2011, 08:35

FMX|Connect- WWW.FMXConnect.com (Reported on 10/7/2011)

Copper Traders the Most Bullish Since August After Biggest Rout Since ’08

Source: Bloomberg

Copper traders and analysts are the most bullish since August on speculation prices at a one-year low will spur China, the world’s largest buyer, to build stockpiles. Gold, sugar, corn and soybeans may also climb.

Ten of 15 respondents surveyed by Bloomberg expect copper to rise next week and 5 predicted a drop, the most bullish reading in six weeks. It’s the first time in four weeks that the separate surveys forecast gains for all five commodities. To read the full article, Click Here.

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