Technical analysts from Barclays say they are expecting to see more losses in copper prices as the base metal is leading the commodity indexes “collapse” Wednesday. Overnight, copper futures on the London Metals Exchange hit its lowest point since 2009, falling to $5,353.25 a tonne; prices are off their session low but are still down almost 5% on the day. “Copper downturn points lower towards targets in the 5210/5280 area next,” the analysts said.
