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Reuters Quote: Copper caps worst monthly loss since June 2010
Reuters Quote: Copper caps worst monthly loss since June 2010
“I still think there is still some work to be done,” said Adam Sarhan, chief executive of
Sarhan Capital in New York.
“We are seeing a light-volume bounce up to a logical area of resistance … there is also the
issue of a death cross, which bodes poorly for the near-term outlook.”
A death cross occurs when the 50-day moving average sinks below, or crosses over, its 200-day
moving average.
(Graphic: link.reuters.com/puk53s )
“As long as copper stays below its 50- and 200-day moving averages, the bears remain in
control.”Adam Sarhan Media Quote: Reuters Gold
Gold ekes out gain but technical selling weighs By Frank Tang and Jan Harvey 1.13.12 NEW YORK/LONDON (Reuters) – Gold managed to end with a small gain in light volume on Monday, as technical selling and a fizzled euro rally offset bullion’s initial gains after Greece’s parliament passed austerity measures needed to secure an international bailout package….
