Our negative Bias on Copper was confirmed last week, and we remain biased short into this week as well.
Pressure should remain, so long as China data shows weakness this week.
Main support is 2.8 which we bounced Friday. Look to sell rallies up to 2.88 or breaks below 2.80.
Pressure should remain, so long as China data shows weakness this week.
Main support is 2.8 which we bounced Friday. Look to sell rallies up to 2.88 or breaks below 2.80.
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Join over 42,000 traders and get the Forex Course for Smart Traders - 17 in-depth lessons - always 100% free at MarketMates.
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.