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Copper

29 Oct 2020 ‚óŹ 02:40 PM

Copper looks like an expanding triangle and has lost momentum after the recent rally. The weekly charts show a negative divergence in momentum relative to price as the new high in price did not confirm a new high in the indicator. If the expanding pattern is true and copper dips like oil during the dollar bounce then we can go back to the lower end near 2.90$

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