Checkout Commodity Trading Research Articles for FREE! http://www.commoditytradingresearch.com The copper price is sinking to multi-year lows in recent trading. Here’s what the downturn means, and how you can potentially profit in the near future. $JJC, $FCX, $SCCO #Commodity #Copper

1. Commodity Trading Research
Copper Price: How
Low Can It Go?

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4. Hi, My name is Justin and I‘m with
Commodity Trading Research, today were
reviewing our recently published article…

5. Copper Price: How Low Can It Go?

6. Copper producers just took another
haymaker to the chin… With the copper
price sinking to new multi-year lows this
week, miners like Freeport McMoran
$FCX and Southern Copper $SCCO are
no doubt feeling the pressure.

7. One look at a copper chart tells you all
you need to know…

9. As you can see, the red metal recently
broke to new 2015 lows under $2.25 a
pound. The downturn has copper off a
whopping 25% year-to-date and down
30% from last year at this time.

10. Clearly, bears are making their presence
known in this market.
Why is copper crumbling?

11. It’s quite simple really. China is the
world’s largest consumer of the red
metal, accounting for around 45% of
global supply.

12. And since the country’s economy is
experiencing a rather steep slowdown
this year global copper demand has gone
in the gutter.

13. Recent economic releases paint a
relatively gloomy picture for China…

14. Just last week the People’s Bank of
China (PBOC) revealed lending sank
sharply in October. And that’s despite
the fact the PBOC has cut interest rates 6
times in the past year. But that’s just the
start of it…

15. China’s October PMI manufacturing
reading came in 48.3. While it’s a slight
improvement over September’s reading it
still signifies the country’s vast
manufacturing industry is contracting.

16. The culmination of months of weak
economic data is precisely why China’s
Q3 GDP reading recently registered at
6.9%. To be clear, economic growth near
7%would be a fantastic windfall for
Western economies.

17. But for China, it’s the weakest growth
they’ve seen in 25 years. Of course, we
can’t forget the impact of the US Dollar…
The world’s reserve currency is galloping
higher thanks to the growing likelihood
of a higher interest rates come
December.

18. With the October jobs report coming in
strong, it’s likely the Federal Reserve
implements their first rate raise in over
10 years.

19. Without question, the copper market is
facing stiff headwinds…

20. However, there’s a good chance bullish
traders may be able to pull in some
profits in the red metal soon. Here’s
how… With the $2.00 technical support
zone just a stone’s throw away there’s a

21. very good chance of some abrupt short
covering soon. As a result, quick traders
can look to the DJ-UBS Copper Total
Return $JJC for a long opportunity.

22. But keep in mind, any short covering will
likely be short-winded since the metal’s
bearish fundamentals suggest it could
fall to 6-year lows under $2 in 2016.

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