#Copper bearish in the short term
There are signs of weak demand from China main importer and consumer of metals in the world, growth has slowed significantly in recent months with an expected growth of around 7%; PMI recent data have impacted copper prices downward. Today we expect the manufacturing PMI remains at 49.6, under the 50 mark, warning of stagnation of growth. Despite the obvious oversold, trading levels expected for tonight and for the remainder of the week might be in the chart.
There are signs of weak demand from China main importer and consumer of metals in the world, growth has slowed significantly in recent months with an expected growth of around 7%; PMI recent data have impacted copper prices downward. Today we expect the manufacturing PMI remains at 49.6, under the 50 mark, warning of stagnation of growth. Despite the obvious oversold, trading levels expected for tonight and for the remainder of the week might be in the chart.
