Excerpt from: CFD Trading in International Financial Markets
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| October 06, 2006 | | Financial spread bets and CFDs on copper profitable in London and New York | London and New York both are seeing rises in copper commodity prices. However, future commodity prices are going to rely heavily on the way stocks move on those two exchanges. Spread betting and contracts for differences should proceed cautiously, as with all commodities trading, as commodity prices are extremely volatile. Bloomberg reports on the price of copper in commodities trading:
Stockpiles monitored by the London Metal Exchange dropped
0.3 percent to 114,050 metric tons, the lowest since Aug. 16,
figures today from the exchange showed. Even with increased
production next year, global inventory at the end of 2007 will
be half the supply of 2002, Mitsui & Co. said in a report today.
``All eyes will remain on stock movements in the coming
weeks to determine the price direction,'' said Alex Heath,
director of base metals trading in London at RBC Capital
Markets, a trader on the London Metal Exchange. ``This is the
restocking period.'' | | |
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