aleksandr_shirin

Copper needs China.

COMEX:HG1!   Copper Futures
As everyone knows, China is one of the largest consumers of copper. And it is the demand for copper from China that largely forms the market for this metal. For some time now, demand has fallen sharply and pushed copper quotes down. Copper is a very interesting trading instrument. That's just to sell more in all likelihood, if you have to, then only on very short time periods. Traders are waiting for the resumption of demand from China. When this happens, it will be possible to open long positions and earn. So far, we are watching how the price interacts with the formed support level and the long-term resistance line. Probably the outcome with the growth of copper is already close.
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