Over the last 48 Hours, we have seen the December Futures contracts on Nymex rise $9.00P/Lb.
24/10/07 $83.00 25/10/07 $89.00 up $6 26/10/07 $92.00 up $3
With Market Market Sentiment On The Rise Within The Nymex Futures Market, One would expect to see an approximate rise of around $5.00 To $10.00 P/LB To The Spot Price come next week to be around $85.00-$90.00P/LB
A little sweetener to dampen the complete non fundamental negative sentiment towards western metals.
WMT Price at posting:
0.0¢ Sentiment: Buy Disclosure: Held
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