MRX 0.00% 0.7¢ matrix metals limited

cheers Martis....bought more today at 14c......heres the latest...

  1. 5,391 Posts.
    cheers Martis....bought more today at 14c......

    heres the latest on Copper futures

    DJ MARKET TALK: Comex Copper Futures Resume Uptrend
    1418 GMT [Dow Jones] - Comex copper remains technically strong, says Scott
    Meyers, senior trading analyst with Pioneer Futures. After a recent pullback,
    the Sep futures have resumed their uptrend and may soon take out the $3.6650
    two-month high from July 7, he says. "I think we're going to make an assault on
    the $3.75 level shortly," says Meyers. "I don't know if it's going to be in the
    month of July, but I do think it's going to be over the summer." Technical
    support is around $3.50, he says. "It looks fundamentally strong and
    technically strong," he says. "They're buying dips. They're selling it a little
    bit on rallies, but not with any real major momentum." Sep copper is up 6.25
    cents to $3.6255 a pound. (ALS)




 
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