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Copper – Moment of Truth
The bulls showed weakness, which resulted in several pro-bearish technical factors. Is there anything that can save them? chart Let’s start todays analyze with the medium-term chart and the quote posted on Dec. 29, 2023: (…) the price extended earlier upward move and climbed to a fresh multi-month high of 3.974 earlier this week, but will we see further improvement? If we take a closer look at this chart, we can see a couple of worrying factors that could interfere with the bulls' pro-growth plans. (…) Firstly, copper moved to the resistance area created by the June and July peaks (3.967-4.024). Secondly, the ... (full story)