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Technical Analysis #C-COPPER : 2016-02-17

Discussion in 'Technical Analysis' started by FXStreet_Team, Feb 17, 2016.

  1. FXStreet_Team

    FXStreet_Team Well-Known Member Trader

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    Increased import to China Copper is edging up for several days already. China increased its import to 440 thousand tonnes in January which is 5.3% above the level of the same month last year. Another positive factor for most nonferrous metals is the general rebound in the global stock markets which started on Friday on the improved retail sales in USA. Will the copper prices continue rising? China accounts for 45% of the global copper production so its economic data have significant influence

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