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Copper Technical Analysis

On the daily chart below, we can see that since the China reopening rumours/news back in November 2022, Copper has been rallying strongly as the market expected more demand for the metal considering also that China is the world’s largest copper importer and consumer. Those expectations started to ebb as China’s factory recovery kept on disappointing and China’s copper imports even fell in the first quarter of 2023. We are also experiencing a global manufacturing slump and today’s China Manufactu... Read More

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Content Topics

Copper

Technical

Analysis

Forex

Posted: May 31 2023, 08:07

Author Name: forexlive

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