Fundamental OverviewCopper erased most of the gains from last month’s strong Chinese easing measures as the market got disappointed on the lack of follow through. In fact, this is something we’ve seen also in the Chinese equity markets with the Hang Seng index being down 14%. There’s a strong correlation between the Chinese stock market and copper as China makes up for about 60% of world’s copper demand. Therefore, we will likely need to see more easing measures from China to see new highs. Copper Technical Analysis – Daily TimeframeOn the daily chart, we can see that copper couldn’t break above the 4.70 level and eventually dropped all the way back to the 4.32 level. This is where we can e
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