Commodity Trade Mantra

Posts Tagged ‘Chinese Stock Markets’

Are Copper Prices and China Set to Rally?

In marked contrast to gold, copper looks to be set up for a sizable rally here. On its 1-year chart we can see that after its significant drop, it is down on an important support level that is certainly capable of generating a rally, despite its still bearishly aligned moving averages. Chances of copper rallying soon are greatly magnified by its latest COTs, which show that Commercials are now heavily long.

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