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Copper Could Be Forming A New Bull Market

Posted on 04 November 2016

The copper chart is attracting our attention, and it could be setting up for an enticing investment opportunity sooner rather than later. Copper is doing something it hasn’t done in a very long time: it is consolidating in a tight price range. Check out copper’s chart below. The key price level to watch is $2.30, and it is only 3 percent above today’s price level.
From a secular perspective, copper’s price is clearly in a downtrend. However, this potential bottom formation, which was triggered after touching secular support early 2016, could result in a tactical bull market………………………………………Full Article: Source


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VRS - who has written 48800 posts on Opalesque Commodities Briefing.


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