NEW YORK ( TheStreet) -- Base metals are expected to see a correction during the week after last week's rally. Lower-than-expected economic data releases may also drag the prices lower. In addition, technical analysis suggests there is more room for correction.Last week, base metals prices were cheered on account of the Chinese currency revaluation which led to positivity through the economy. Investors were driven by the fact that the move could boost purchasing power and consumer demand in China's domestic economy and thereby cushion demand for base metals like steel, aluminum and zinc.
Base Metals Could Correct This Week
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