Copper Technical Analysis – The sentiment remains mixed ...Middle East

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Copper Technical Analysis – The sentiment remains mixed
source : forex live ( Middle East ) () 41
Fundamental OverviewCopper continues to have a hard time as the market demands more stimulus from the Chinese officials to stimulate growth more strongly. Copper has been tightly correlated to the Chinese stock market in recent years which just shows the strong dependence of the commodity to the Chinese economy. That should not be surprising given that China is responsible for more than 60% of global copper demand. Overall, the picture is more bullish than bearish for the copper market, but the mixed sentiment will likely keep the momentum at bay until we get some key technical breakout or strong catalyst to trigger a more sustained trend.Copper Technical Analysis – Daily TimeframeOn the dai

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