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Copper Technical Analysis - The bulls are eyeing this resistance

Copper Technical Analysis - The bulls are eyeing this resistance
The copper market remains in a tight spot amid uncertainties about global growth, tensions in the Middle East and improving activity data from China. This is leading to a rangebound price action within a descending triangle until something big happens triggering a breakout. Given the resilient US economic data and improving Chinese figures we might see a rebound in prices in the short term, but watch out for recessionary signs as tight monetary conditions and higher energy prices might weigh eve... Read More
Posted: Oct 18 2023, 10:56
Author Name: forexlive
Views: 082439

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