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Commodity Insight – Copper
The copper settles in a narrow range between $8230 and $7800. The negative divergence of the MACD indicator suggests a loss of strength in the metal, which could extend a possible correction below $7800 towards the wider targets in the $7700 and $7400 area. The medium...
Commodity Insight – Aluminium
The strong rally in aluminium that started in March last year is slowing down slightly. However, prices are above all major dynamic supports (200- and 50-week moving averages). Last week's pullback may have triggered a new upward impulse with short-term targets in the...