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clock Created with Sketch. 10/06/18
15:46
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Originally posted by mowibble
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It seems likely that if copper breaks out then so will AUQ ($3.30/lb vs 3.3c, coincidentally). And judging from trading in copper yesterday, it looks ready. The profit-taking on 52week high was met with renewed demand and a higher close, and the close on alara (allbeit on weak volume) seemed to be in anticipation of this.
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Eid holidays will begin on 14th as Ramadan ends. While the official Eid break is only 5 days 14th to 19th, many Omani's take an extended break of up to 2 weeks. So I don't think we will see much activity until end of June.
