Companhia Sanea (SBS): Looks like copper may be puting in a bot...

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Companhia Sanea (SBS)

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flatlander_60048

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flatlander_60048

Re: None

Wednesday, 09/09/2015 12:13:25 PM

Wednesday, September 09, 2015 12:13:25 PM

Looks like copper may be puting in a bottom. Copper is often considered to be the most economically sensitive of the commodities. Because Brazil is a commodity exporter with its currency tied to strength in the commodity market, this bears watching. Copper could easily drop again to retest its late August low. But if it doesn't it may provide an early indicator that emerging market currencies like Brazil might finally begin to firm up.

FL

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