Commodity Stocks Acting Well

08/27/2009 3:19 pm EST

Focus: STOCKS

Thomas Aspray

, Professional Trader & Analyst

chart
Click to Enlarge

Despite the concerns over China, the commodity markets look ready to close strong even though there was some early selling. Many of the commodity stocks like Southern Copper (PCU) still look very positive as PCU appears to be consolidating after breaking above its upper trading channel. Upside targets at $34-$38.

  By clicking submit, you agree to our privacy policy & terms of service.

Related Articles on STOCKS

Keyword Image
Love Is Crude Oil
02/14/2019 11:30 am EST

Crude oil prices are finding support despite bearish supply figures thanks to optimism over US-China...