Commodities Analysis by Chris Kimble covering: Copper Futures. Read Chris Kimble's latest article on Investing.com
prices have continued to fall and this decline seems to be in alignment with potentials talks of Federal Reserve interest rate cuts.Earlier this summer, we wrote the bearish price reversal in copper and what the implications for interest rates might be.
Today we provide an updated “monthly” chart to once again highlight this massive bearish reversal pattern.And it is currently testing important 5-year price support this month… just as the Fed contemplates rate cuts. In my humble opinion, another important message by Doc Copper will be sent by what happens at this 5-year rising support line. Stay tuned.Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events.
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