Market forecast: Double top breakdown on FTSE100, Has Copper correlation to China weakened? – Accendo Markets

Mike Van Dulken, Head of Research at Accendo Markets, while talking about major markets, points to a bearish double top breakdown on FTSE100 and cites 6600 as a line the sand, under which the index could deflate to 6400.

Copper prices languished near two-month lows in Asia. The metal is often considered as a proxy for China growth and global growth. However, Dulken believes the correlation has weakened and it is high time we start looking at other commodities like Zinc, Aluminum as proxy for global/China growth.

Dulken also presents his view on US stocks, oil and aluminum.

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