IngenuityTrading

Reversal play #metals

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COMEX:HG1!   Futuros de cobre
Selling copper here with a stop at 3.7500. After the failed breakout attempt last week I think the metal could reverse lower toward the bottom of the range- 3.4780. Inflation is certainty a topic that is widely discussed and copper has been a big part of the story, but in the near term the rate of change (22 days) has slowed and it is still below the most recent range high after a failed breakout attempt.

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