Copper Prices Soar as China’s October Manufacturing PMI Returns to Expansion Territory
Copper prices rose on Thursday.
China’s Manufacturing Expansion Fuels Copper Price Rally
China’s October manufacturing PMI rose to 50.2.
Expert Trading Tips and Analysis for Copper, Gold, Silver, Crude Oil, and Natural Gas
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- Copper Trading Tips: Consider buying copper futures.
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Key Market Data:
- Copper prices rose 2.5% to $7,451/ton
- China’s October manufacturing PMI rose to 50.2
- Chinese copper imports increased 12%
Market Outlook:
The current market sentiment is bullish for copper.
Technical Analysis: Copper Prices
- Support levels: $7,300, $7,200
- Resistance levels: $7,600, $7,700
What’s Next for Copper Prices?
Investors await China economic data.
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