Copper is at major trendline resistance after bouncing from below 50 DMA.
The setup is very similar to Gold a few days ago which broke out from the triangle formation.
Copper being regarded as barometer of economy will be worth watching. The effect of Europe rate rise will surely reflect on this commodity as it is highly sensitive to economy growth.
Action worth watching:
The setup is very similar to Gold a few days ago which broke out from the triangle formation.
Copper being regarded as barometer of economy will be worth watching. The effect of Europe rate rise will surely reflect on this commodity as it is highly sensitive to economy growth.
Action worth watching:
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