Fundamental OverviewCopper experienced a pretty strong selloff this week with market participants blaming the soft Chinese economic data and the increase in inventories in most global warehouses suggesting some weak demand. In the big picture, stable global growth and major central banks cutting rates into resilient economies should be bullish drivers for the copper market but more expansionary policies from Chinese officials would give a stronger support for prices. Copper Technical Analysis – Daily TimeframeOn the daily chart, we can see that copper eventually erased all the gains from the first week of July and dropped back to the key 4.35 support where we have also the 50% Fibonacci retr
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