Copper Technical Analysis - The PBoC rate cuts might reverse the recent rout ...Middle East

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Fundamental OverviewCopper experienced a strong rout last week with market participants blaming the soft Chinese economic data and the increase in inventories in most global warehouses suggesting some weak demand. The PBoC tonight surprised with rate cuts across many key benchmarks. Moreover, the recent PBoC policy framework reform suggests that the Chinese officials could take more actions to spur growth. In the big picture, stable global growth and major central banks cutting rates into resilient economies should be bullish drivers for the copper market and more expansionary policies from Chinese officials might give an even stronger boost.Copper Technical Analysis – Daily TimeframeOn the

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Copper Technical Analysis - The PBoC rate cuts might reverse the recent rout ...Middle East

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