Copper May Decline to $9,000 on Sell Signal: Technical Analysis
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Copper will probably drop to around $9,000 a metric ton before resuming its advance to a record, said Wang Yaoyao, a technical analyst at Huawen Futures Co.
Tom DeMark’s Sequential and Combo indicators, designed to identify tops and bottoms and anticipate reversals, both give sell signals on copper for three-month delivery on the London Metal Exchange, Shanghai-based Wang said in a phone interview.