Each sign of weakening of the Chinese economy has been interpreted as a high probability of falling demand for raw materials, with a consequent decline in the price of copper. The long-term copper has continued to fluctuate in a downward trend and is likely to values not exceeding $ 3 / ton at the short notice, or this price will serve like resistance. The support more near is in moving average 20.
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.