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Base Metals Technical Analysis - update: HK 2025 COMEX Copper spread

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update: HK 2025 COMEX Copper spread 

 

 
  • James Dima
  • Director - Institutional Sales - Professional Trading Group
  • [email protected]

HK 2025 COMEX Copper spread: on 11/21, our desk was a large buyer via longer term positive momentum forces (bottom chart). The top chart details

a key area of resistance basis the 100 day average (blue line) of -2.55.Sustained closes above may attract renewed technical buying interest.

image-20241203090550-1

Related tags: Base Metals

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