Noisy daily chart as the market consolidates below what bears see as a long-term double top. Breaking below $4 may validate this non-completed bearish formation.
Dr. Copper has violated a hugely important long-term support line.
The industrial metal has been telling the truth for a long time now, but what is surprising me is copper;s resilience above the critical 10-year lows . Manage your risk when trading!
US coffee getting closer to an escape from its downtrend channel, so shorts need to become increasingly careful and trail their stops lower. source: investing.com
Copper about to confirm a double top on the daily. Support neckline around 2,90 pricechart: INVESTING.com Disclaimer: All opinions expressed in this blog are solely for information or educational purposes. The presented material does not constitute investment or trading advice. The presented material has no regard to the specific investment objectives, financial situation, or particular […]
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Copper price, a good proxy of global economic activity is printing fresh 6-year lows. Buyers hope that a rebound from the low end of the price channel will occur (chart). 2.57 is the first long-term level of resistance. The trend is massively down Copper (7 years) Chart: Stockcharts.com
The price of copper, a good proxy for global economic activity is at 6-year lows. So, where is the global growth dear central bankers? Does more and more money-printing lie ahead? Copper (7 years) Chart data http://www.Stockcharts.com Please read the Disclaimer!