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$XCUUSD might go lower before breaking the pennant

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Copper might go lower due because it looks like its forming pennant. However, the pennant could be penetrated from the top and go further up. I have bearish sentiment on this metal since it is one of the indicators global economy is going down and in the last year copper lost around 4% of its value.
Dagangan aktif
$XCU broke the pennant and now is heading 0.5 level where looks like is bouncing back. However, downtrend confirmation is still missing. Stay tunned for another update.

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