On Monday, China's decision to cancel talks with the United States sparked fears of a protracted trade war, which may intensify the sliding move in base metals, which popped up a little amid renewed hopes, but now look ready to continue their sliding moves because of the intensifying dispute between the world's two biggest economies, which has spooked financial markets worries about the impact on global growth. The fresh tilt in tariff trade war has been intensified more than ever before as China accused the United States of engaging in "trade bullyism", the official Xinhua news agency said.
Let’s have a look at the movement of Copper and Zinc futures on September 24th, 2018 in the following charts. I find both look ready to go back to the pavilion, if unable to sustain their current levels for next two hours. I find that the Zinc will lead the sliding move with more speed on downward voyage.
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