Today, most of the leading base and industrial metal stocks are trading lower at the start of the session. This important sector has really struggled throughout 2013. One of the leading stocks in the sector is Rio Tinto plc (NYSE:RIO). This morning, RIO stock is trading lower by 0.81 cents to $46.16 a share. Short term traders should watch for intra-day support around the $46.00, and $45.35 levels. The daily chart will still have some minor support around the $43.00 level.
Some of the other leading base and industrial metal stocks that are declining lower today include Southern Copper Corp (NYSE:SCCO), Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX), Teck Resources Ltd (USA) (NYSE:TCK), and BHP Billiton Limited (ADR) (NYSE:BHP). All of these stocks have been very weak due to the stronger U.S. Dollar, and weak Chinese construction. Until these factors change the base and industrial metal stocks should remain sluggish.
Nicholas Santiago
Some of the other leading base and industrial metal stocks that are declining lower today include Southern Copper Corp (NYSE:SCCO), Freeport-McMoRan Copper & Gold Inc. (NYSE:FCX), Teck Resources Ltd (USA) (NYSE:TCK), and BHP Billiton Limited (ADR) (NYSE:BHP). All of these stocks have been very weak due to the stronger U.S. Dollar, and weak Chinese construction. Until these factors change the base and industrial metal stocks should remain sluggish.
Nicholas Santiago
Comments
Thanks for the post.
Not head from you for a very long time.
I hope you are keeping well along with Nicholas & Gareth.
Keep hitting those home runs buddy