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Add as a preferred source on GoogleBofA Merrill Lynch:Copper is on the edge of resuming its long-term downtrend as it probes four-month trendline support at 6034 (it has yet to close below this trendline). Indeed, an impulsive break below confirms an end …
BofA Merrill Lynch:
Copper is on the edge of resuming its long-term downtrend as it probes four-month trendline support at 6034 (it has yet to close below this trendline).
Indeed, an impulsive break below confirms an end to the corrective rally and resumption of the long-term bear trend. Downside targets are seen to 5279, ahead of 4791 and, potentially, below.
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