Idustrial metals wait for China's investors to return after holidays

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Source: Dukascopy Bank
Industrial metals gathered momentum amid positive equities and eco-friendly data releases. However, volumes of trade are light due to China's holidays. Base metals may seek additional support on the high cancelled warrants and declining inventories at the LME warehouses, reflecting stronger spot demand for this commodity group. At the same time, US faced growing demand for durable goods thus providing room for stimulating industrial metals. The period of rally mostly depends on the China's investors' appetite after they return in the market after holidays.


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