Copper Bulls Retreat on Concern Stimulus Not Enough: Commodities

Copper bulls retreated for a third consecutive week on mounting concern that weaker manufacturing from Europe to China will curb demand even as central banks pledge more stimulus to boost economies.

Thirteen analysts surveyed by Bloomberg said they expect prices to gain next week, 12 were bearish and one was neutral. That’s the lowest proportion of bulls since Aug. 17. They were the most bullish since October at the start of the month.