Copper Futures Hit Overbought Territory: Analysts Sound Caution
Monday, 13 May 2024, 20:05
Copper Futures Surge to 2-Year High
Copper prices reached their highest settlement in over two years, buoyed by a surge in market demand.
Overbought Territory Caution
Analysts warn that the current price levels may be unsustainable as copper enters overbought territory, raising concerns among investors.
Market Consolidation Needed: The sharp rise in prices indicates a potential need for market consolidation to ensure sustainable growth moving forward.
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