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We are caught up in the copper metal rally at last 😊
Some positions might have been opened at the 4.70 level, hopefully. This price point was a critical support level and actually a reaction expected to start the rally. Considering the recent movements in the global metal markets, it should not be forgotten that commodity rallies can also be an important signal for crypto investors.
Especially under stagflation scenarios, industrial metals like copper become a real barometer of the macroeconomic situation. Monitoring technical levels in the short term and considering commodity trends linked to the energy and technology sectors in the long term could be wise.