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Copper Technical Analysis - The sellers are in control
Copper continues to be tightly correlated with what happens in China, which is not surprising given that China makes up for more than 50% of world imports. In fact, we saw how the stimulus hopes raised the price of Copper, and weak economic data and lack of major actions from the authorities depressed the commodity. Last week, the PBoC finally cut rates on some key benchmarks but refrained to proceed in a similar way with other key benchmarks this week. Overall, it looks like we can forget about...
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Posted: Aug 23 2023, 09:11
Author Name: forexlive
Views: 111728
