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Copper Technical Analysis - The sellers remain in control

Copper continues to be tightly correlated with what happens in China. In fact, we saw strong rallies following news of more policy support from the Chinese authorities, but the lack of strong actions weighed on Copper as the bulls keep on get disappointed. Yesterday, we even got very weak Chinese imports data that led to a big selloff. All else being equal, we should keep on seeing the rallies getting sold as the bears remain in control and without a very strong support from China, the global ec... Read More

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Content Topics

Copper

Technical

Analysis

Sellers

Remain

Control

Forex

Posted: Aug 9 2023, 09:32

Author Name: forexlive

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