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paman gober · 23rd July 2024, 03:25 PM

Copper Breaks Key Support As Sentiment Weakens

China Fears Hit Copper Sentiment

Copper prices are trading at their lowest level since April today as the metal remains under pressure over rising demand concerns around Chinese demand. A recent string of weak data out of China has put fresh focus on downturn risks. Last week, it was hoped that a top-level government meeting would result in fresh stimulus measures being announced to help buffer the economy. However, with the meeting passing without any fresh stimulus announcements, sentiment remains weak and copper has continued to sell-off as demand forecasts get scaled back further. Industrial data has been softening over recent months while inventories data has been rising, reflecting weakening demand.

Info selengkapnya disini : Copper Breaks Key Support As Sentiment Weakens | Tickmill

23rd July 2024, 03:25 PM
paman gober Wakil Camat Join Date: 7 Aug 2018 Userid: 7353 Posts: 4,406 Likes: 0 Liked 0 Times in 0 Posts	Re: Analisa Teknikal Harian Tickmill Copper Breaks Key Support As Sentiment Weakens China Fears Hit Copper Sentiment Copper prices are trading at their lowest level since April today as the metal remains under pressure over rising demand concerns around Chinese demand. A recent string of weak data out of China has put fresh focus on downturn risks. Last week, it was hoped that a top-level government meeting would result in fresh stimulus measures being announced to help buffer the economy. However, with the meeting passing without any fresh stimulus announcements, sentiment remains weak and copper has continued to sell-off as demand forecasts get scaled back further. Industrial data has been softening over recent months while inventories data has been rising, reflecting weakening demand. Info selengkapnya disini : Copper Breaks Key Support As Sentiment Weakens \| Tickmill __________________ Menjadi IB TICKMILL - ( $10 per lot on a Classic and $2 per lot on ECN Pro and VIP accounts )