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Forexpros reported that copper can reveal how the risk assets might behave.
Forexpros reported that copper can reveal how the risk assets might behave.
As quoted in the market news:
Making the long-term bullish case for copper less likely is not just a world struggling with slowing growth but probably some sort of serious flight to liquidity that could strike faster than what happened in 2008 and 2009 when considering copper’s massive Head & Shoulders pattern and an unpleasant technical attribute that it shares with the Russell 2000 and the XLB to name a few.
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