Copper Technical Analysis – We are at a key resistance ...Middle East

Fundamental OverviewCopper has been on a sustained downtrend since reaching its peak in May. A lot of the weakness has been attributed to the struggling economic recovery in China. Copper is sensitive to the manufacturing cycle, and after a pickup in the first half of the year, we’ve been seeing a notable pullback as tight monetary policy continued to weigh.That could reverse in the next months as the Fed is finally starting its easing cycle today. A 50 bps cut would be better in the bigger picture as it would indicate that the Fed wants to get ahead. More easing from the Chinese officials would also boost the copper market. Copper Technical Analysis – Daily TimeframeOn the daily chart, we c

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