The bdi seems to have formed a base on the 20th oct.The bdi and...

The bdi seems to have formed a base on the 20th oct.The bdi and copper futures follow each other v closely and therefore we may have a base in the price of copper now or just around the corner.A confirmation of this would be lower levels in the London metals warehouse indicating increased demand.The warehouse stocks are still climbing but should fall in line with demand from China re their stimulus package soon if the market operates as it should.