Copper update
LME Copper: recent bullish close of the 50 day average over the 100 day average is being overshadowed by the down turning 20 day average (blue line near 9665).
The slope of this line has been an effective directional barometer. The market must not just close above the average, but the slope must turn
In an upward fashion to reflect an uptrend. The 100 day average at 9461 is the next key area of support.
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