COPPER: CONSOLIDATE STRATEGY BUY ON DIP R2-442 R1-438 S1-428 S2-424
Copper steadied as optimism about demand from China and dovish comments from Fed offset selling by some traders who cashed in following recent gains.
U.S. economic recovery remains incomplete, with a still-ailing job market and stagnant wages justifying loose monetary policy for the foreseeable future.
LME stocks have risen slightly over the past few sessions, with fears creeping in that this is the beginning of an uptrend.
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