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Copper Technical Analysis

Ever since the rumors/news of China's reopening emerged in November 2022, Copper has witnessed a strong rally. The market anticipated increased demand for the metal, considering China's status as the largest importer and consumer of copper worldwide. However, these expectations began to wane due to ongoing disappointments in China's factory recovery, with copper imports even declining in the first quarter of 2023. Additionally, a global manufacturing slump is evident as numerous Manufacturing PM... Read More

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Content Topics

Copper

Technical

Analysis

Forex

Posted: Jun 9 2023, 09:12

Author Name: forexlive

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