Copper Technical analysis

Note: This section contains information in English only.
Source: Dukascopy Bank SA
Copper prices have seen a significant rise in price considering that president Donald Trump has initiated an investigation into potential tariffs on copper imports, aiming to revitalize U.S. copper production.

Further bullish momentum may bring price towards 4.87600 resistance level. Any significant news from the White house could be considered as a bullish catalyst, for further price discovery to the upside.

Rejection of bullishness could test support levels of 4.49800 and 4.355560 if bearish momentum occurs and continues.

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