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Copper Technical Analysis
Copper has been falling steadily since the beginning of the new year with the market probably worried about a more pronounced global slowdown as the monetary policy lags filter through. The economic data overall has been weak but not pointing to a sharp slowdown. It’s a question whether the central banks will be able to deliver rate cuts in time before something breaks for real. chart On the daily chart, we can see that Copper broke the key trendline that was defining the uptrend that started back in October 2023. We can also notice that the latest leg higher diverged with the MACD which is generally a sign of ... (full story)