Trading copper was quite challenging in recent sessions, especially finding short-term trading setups on lower time frame. Price action was completely hectic because of
Copper price action
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MCX Copper trading at 403.00, slightly below an important resistance level 406.00. By examining the charts, we could see that Market was struck in
Price action in Copper climbed to its highest point since last four weeks. Unexpected miss in May’s US jobs data pushed back expectations of
Copper has fallen in recent days due to mixed economic reports and Chinese efforts to curb speculation. Price action is inline with broader commodities