Copper – Bullish Developments and Its Consequences

From oilpriceforecast.com

Defense of the support zone, proximity to the upper line of the channel, and candle formation. How did this affect the bulls? During the last week, we could observe an interesting game between market participants, which ended with a change of the very short-term trend. What technical factors led to this development? What may recent price action trigger in the coming days? Answers to these questions you will find in today's article. Have a nice read. Let's start today’s analysis by taking a closer look at the weekly chart. In the last comment on copper, you could read the following: What could happen if they (the ... (full story)