Copper Technical Analysis – The stars are starting to align ...Middle East

Fundamental OverviewThe Chinese Politburo announced that it will adopt a “moderately loose” strategy for monetary policy for 2025, which marked the first major shift in stance since 2011. Moreover, the language around fiscal policy was stepped up to “more proactive” from just “proactive” in another sign that Chinese officials intend to ease policies more forcefully to prop up the economy. The market will now expect big rate cuts and asset buying, which should support the copper market going forward. Copper is generally tightly correlated to the Chinese stock market which shows the strong dependence of the commodity to the Chinese economy. That should not be surprising given that China is res

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