View full page at metalsmine.com

 

Copper Futures (Short Term): Supported by a Rising Trend line

From cityindex.co.uk

Copper price is the economic indicator as this metal is widely used in industrial production and electrical equipment. The consumption of copper could reflect the economic situation. In fact, copper futures prices rallied more than 40% from the March low. Currently, one of the major fundamental themes is the recovery of the economy after the outbreak of COVID-19. OECD said the global economic decline would not be as sharp as previously feared this year, though the recovery is losing pace and will need support from governments and central banks for some time yet. The OECD projected that the global economy will shrink ... (full story)

Story Stats

  • Posted:
  • Category: Technical Analysis