Copper Price Analysis: Sinks almost 3%, eyeing a fall towards $3.2505 ahead of YTD lows – by christianborjon Copper Metals Technical Analysis
n three months, alongside expectations of a US economic deceleration prompted by the US Federal Reserve tightening monetary policy conditions.strength, alongside newswires that China’s Chengdu announced a lockdown of its 21.2 million residents, is a headwind for the red metal.The Copper daily chart depicts the pair as neutral-to-downward biased.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Copper price slides as China factory activity slowsChina's factory activity contracted for the second straight month in August.
Read more »
Copper Queen Community Hospital planning expansion, a boon for southern Arizona rural health careThe main hospital is in Bisbee, and it has four rural health clinics throughout Cochise County located in Douglas, Palominas, Tombstone and Bisbee.
Read more »
Codelco’s copper output to fall further in 2023 — reportThe world's largest copper producer expects its output of the red metal to fall further next year amid project delays. copper
Read more »
Column: Surging copper demand will complicate the clean energy boomCopper demand will increase by more than 50% between now and 2040, according to BloombergNEF.
Read more »
Battleship Texas moves from San Jacinto Battleship Site to Galveston for extensive renovationsThe iconic Battleship Texas moved from the San Jacinto Battle Ground Site in La Porte to the Gulf Copper Shipyard in Galveston starting Wednesday for extensive renovations to the ship's hull.
Read more »