Copper Contango Report Shows Weakness to Come


We thought that the contango was going back to backwardation, but lately we see a reversal again.





This is a not so positive development for commodities and stocks.







Comments

  1. AnoniemJune 12, 2013 at 12:13 AM

    The strengthening of the copper contango seems to be supported by Technical Analysis from Paul Kavanaugh at FuturePath Trading LLC, according to this report on Bloomberg.

    Copper dropped to $7,065 per tonne ($3.025/lb)on June 11th, after China's posted its lowest annual export growth rate in almost a year in May at 1 percent, according to Reuters.

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