This article was posted on Friday, 16:56, UTC.
Copper: Long-Term Short Copper Futures, Daily Chart Analysis “Dr. Copper” as a lot of investors are calling the commodity because of its close correlation with the global economy, enjoyed a bounce in recent weeks, as the Chinese stock market stabilized, the Dollar took another nosedive, and stock markets remained near their all-time highs. The rally now reached a strong resistance zone near the $2.70 level, and odds favor a downturn, as US economic numbers are weak, stock markets are in the danger zone for a deeper correction, and the Dollar is also looking ready for a bounce. We expect the…
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Trader and financial analyst, with 10 years of experience in the field. An expert in technical analysis and risk management, but also an avid practitioner of value investment and passive strategies, with a passion towards anything that is connected to the market.