Markets
Shanghai copper still eyes 71,460 yuan/T
SINGAPORE : A bearish target of 71,460 yuan per tonne is unchanged for Shanghai copper as there seems to be no strong su
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On the 30-minute chart, the big gap forming between 73,230 yuan and 72,410 yuan has confirmed a bearish reversal on the preceding uptrend at the Aug 1 high of 73,590 yuan, and a short-term bearish trend could be establishing.
The current rebound is likely to be limited to 72,480 yuan.
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Copyright Reuters, 2011