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Copper Technical Analysis - Key resistance in sight

The weakness in the global manufacturing sector and especially in the Chinese economy have been weighing a lot on Copper prices. We had a good rally after the Chinese inflation data raised the risks of deflation in China and the market expected more easing measures from the central bank. Unfortunately, those expectations were wrong and the PBoC didn’t do anything on the rates front causing a disappointment in the market and another selloff. On Monday, China pledged more stimulus to support the e... Read More

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Content Topics

Copper

Technical

Analysis

Resistance

Sight

Forex

Posted: Jul 26 2023, 09:39

Author Name: forexlive

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