Author stories Proactiveinvestors Author stories RSS feed en Sun, 21 Jan 2018 06:05:59 +1100 Genera CMS (Proactiveinvestors) (Proactiveinvestors) Range Resources celebrates “one of the best” new wells Tue, 02 Jan 2018 18:57:00 +1100 Range Resources makes early payment for drilling services acquisition Thu, 28 Dec 2017 20:24:00 +1100 Tlou Energy updates on Botswana CBM drill progress Tue, 19 Dec 2017 19:12:00 +1100 88 Energy expands footprint in Alaska Thu, 07 Dec 2017 20:19:00 +1100 Tlou Energy completes 2D seismic programme for Botswana coal bed methane project Tue, 28 Nov 2017 18:37:00 +1100 Tlou Energy advancing operations towards project development at Lesedi Tue, 07 Nov 2017 18:43:00 +1100 88 Energy still ‘committed and confident’ in Alaska shale play as it expands Project Icewine footprint Wed, 25 Oct 2017 17:24:00 +1100 Tlou Energy gives update for ongoing seismic in Botswana Tue, 24 Oct 2017 17:56:00 +1100 88 Energy investors need to stay patient as Alaska operations go into hibernation Tue, 10 Oct 2017 20:26:00 +1100 88 Energy highlights “significant pressure build-up” in Icewine well Tue, 10 Oct 2017 17:31:00 +1100 Copper prices to consolidate before rising again says technical analyst Zak Mir The copper price has been boosted by promises that US president elect Donald Trump will spend one trillion dollars on infrastructure, but it is probably time for the price to consolidate according to technical analyst Zak Mir.
In a Tip TV segment for Proactive Investors, the technical analyst notes that the copper price had hit the top of a rising trend channel, in the daily chart, and he says it looks as though there’ll be a consolidation in the price towards the US$2.30 to US$2.40 per pound level.
“Then hopefully the metal will bounce again,” he added.
“The reason for optimism is that all the near term moving averages are currently rising very sharply, so as long as we hold above the 2.30 to 2.40 zone one would expect a continued recovery.”
Tue, 22 Nov 2016 21:59:00 +1100