Is Profit-Taking A Better Choice after Several day Losses in Metals Market, SMM Interviews-Shanghai Metals Market

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Is Profit-Taking A Better Choice after Several day Losses in Metals Market, SMM Interviews

Industry News 02:11:12PM Aug 15, 2014 Source:SMM
SHANGHAI, Aug. 15 (SMM) – Today is the last trading day of this week, and is it a better choice for short investors to take profits on their holdings after several days’ losses in base metals market? 
 
“Any downward room will be small, and LME copper will be supported at $6,800 - 6,750 per tonne”, an analyst from Dayou futures said in an interview with SMM, suggesting investors should leave the market after taking profits as price declines and week-end buying demand will support the market. 
 
“Technical price rebound may happen after continuous declines, but the market will remain weak for the foreseeable future”, analysts interviewed by SMM added.
 
Key Words:  SMM interview 

Is Profit-Taking A Better Choice after Several day Losses in Metals Market, SMM Interviews

Industry News 02:11:12PM Aug 15, 2014 Source:SMM
SHANGHAI, Aug. 15 (SMM) – Today is the last trading day of this week, and is it a better choice for short investors to take profits on their holdings after several days’ losses in base metals market? 
 
“Any downward room will be small, and LME copper will be supported at $6,800 - 6,750 per tonne”, an analyst from Dayou futures said in an interview with SMM, suggesting investors should leave the market after taking profits as price declines and week-end buying demand will support the market. 
 
“Technical price rebound may happen after continuous declines, but the market will remain weak for the foreseeable future”, analysts interviewed by SMM added.
 
Key Words:  SMM interview