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Copper Technical Analysis - Watch out for a breakout

The weakening global growth and the deteriorating Chinese economic data keep on weighing on Copper putting a lid on any rally. The Chinese authorities seem to be stepping up their policy support for the economy, so the market finds itself between bad and good news. This uncertainty has led to a consolidation, with the price action forming a symmetrical triangle. Fundamentally, the big picture is mixed but more skewed to the downside, so the technicals will be helpful as a breakout on either side... Read More

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Content Topics

Copper

Technical

Analysis

Watch

Breakout

Forex

Posted: Sep 6 2023, 08:20

Author Name: forexlive

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