Capital Street BancClear Corporation

Option Banque is a brand owned and operated by Capital Street BancClear Corporation Limited with registered address Suite 305, Griffith Corporate Centre, Beachmont, Kingstown, SVG.

  • Suite 305, Griffith Corporate Centre Beachmont, KingsTown Saint Vincent and The Grenadines

  • +1-949-335-4314

  • Monday-Friday: 6.00 AM
    4.00 PM GMT

Put Options Profitable As Copper Slides - Fears Of Oversupply Return -

    • Home
    • General
    • Put Options Profitable As Copper Slides – Fears Of Oversupply Return
Jun, 21st 10:10


On Monday, copper experienced a sharp rally as a weaker dollar boosted dollar-denominated commodities like copper, that become cheaper for non US consumers as the dollar falls. Moreover, the base metal price also benefited as concerns on Brexit eased after two of the latest polls reported that the “Remain” camp was in the lead. Nevertheless, today, copper has fallen slightly on worries over global oversupply. China is estimated to have exported a significant amount of copper in May, because of sufficient stockpiles in local inventories. The country’s copper output in May rose by 6.6% to 680,000 tonnes, compared with production a year ago. On the daily chart, RSI (14) continues to fall and is currently at 49.4840, signaling that a bearish trend is stepping in. The price is anticipated to dim further.

Trade suggestion

Buy Digital Put Option from 2.067 to 2.086 valid until 20:00 June 24, 2016

Option Banque has proven A+ Rating and Reviews on forex forums

Leave a Reply

Your email address will not be published.