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Copper smashes to new all-time high as iron ore threatens major breakout – here's what the charts say
Hardly a chink in the armour of the V-shaped rally from 21898. Down on the day – but we know the white body of the candle suggests at least some demand-side participation during the session. The close of 23276 is above both the session’s and 2-day’s midpoint of 23237-8. Still, there’s a whiff of an upward pointing shadow… Who had control of the Comp's price action on Monday? Let’s just go with "about even-Stevens"! What’s more relevant is: The rally from 21898 is pretty decent – so if last night is the extent of the supply-side’s ability to impact price (given there was a bit of “bad news” ... (full story)
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