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Copper Technical Analysis
The weakness in the global manufacturing sector and especially in the Chinese economy have been weighing a lot on Copper. We had a good rally last week as the Chinese inflation data raised the risk of deflation in China and the market expected more easing measures from the central bank. Unfortunately, these expectations were wrong and the PBoC didn’t do anything on the rates front causing a disappointment in the market and another selloff. Copper Technical Analysis – Daily TimeframeOn the daily...
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Posted: Jul 19 2023, 08:03
Author Name: forexlive
Views: 080932