CFDs on CopperShort
Copper overbought
Copper has been in a huge uptrend due to global demand primarily in automotive but other sectors as well.
However, rising interest rates and geo political tensions will put a strain on trade and cause a sell off in commodities.
The technical pattern is rising wedge. It could take a few months for this to play out.
However, rising interest rates and geo political tensions will put a strain on trade and cause a sell off in commodities.
The technical pattern is rising wedge. It could take a few months for this to play out.
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