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Copper (LME) is falling sharply again. Strategists at Credit Suisse analyze the metal outlook.
With weekly MACD momentum trending lower and now negative we look for a more sustained decline to emerge and a more meaningful turn lower.
We look for a fall to test the $7,867 YTD low, a break of which would be seen to add further momentum to the sell-off for support next at $7,220 and eventually a test of the $6,955 low of last year.
Resistance is seen at $8,477/79 initially, with $8,712 now ideally capping.
風險提示：本文所述僅代表作者個人觀點，不代表 Followme 的官方立場。Followme 不對內容的準確性、完整性或可靠性作出任何保證，對於基於該內容所採取的任何行為，不承擔任何責任，除非另有書面明確說明。
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