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Copper Technical Analysis

Copper has been selling off ever since the “China reopening” trade started to fall apart. The economic data from China kept on disappointing and the inaction from the officials hadn’t helped either. Recently though we started to get news of more economic easing coming and in fact we got rate cuts on all fronts from the PBOC. The expectations of more demand spurred by more stimulus gave the market a reason to bid up the price of copper as China is the largest copper importer and consumer in the w... Read More

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Content Topics

Copper

Technical

Analysis

Forex

Posted: Jun 21 2023, 09:09

Author Name: forexlive

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