Copper Technical Analysis – Is this the time for the breakout? ...Middle East

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Fundamental OverviewCopper got stuck in a consolidation just above a key support zone as the market failed to rally on the recent PBoC’s rate cuts. Today, we got the news that China is looking to approve a fresh fiscal package next week worth over 10 trillion yuan and that it’s expected to be bolstered further if Trump wins the US election. Copper spiked into the top of the recent range but couldn’t break through yet. Will we get the breakout?Copper Technical Analysis – Daily TimeframeOn the daily chart, we can see that copper consolidated around the key 4.32 support zone where we have also the 61.8% Fibonacci retracement level for confluence. This is where the buyers are stepping in to posi

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