COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-418 R1-412 S1-400 S2-394
Copper gained as support seen after market was under the influence of an extension of China’s “targeted RRR cut”.
The US economic data also proved upbeat, with both May factory output and June NAHB housing index exceeding expectations.
However, investors remained cautious due to the upcoming Fed policy meeting and geopolitical crisis.
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