Technical view-Comex copper below $1.50 a lb.

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Technical view-Comex copper below $1.50 a lb.
      


Investors had their eyes keenly trained on New York copper’s $1.50 per lb. level before it broke down last week. On the COMEX exchange, copper teetered above the psychological $1.50 threshold before diving through on Thursday, triggering stop-loss sell orders on the way down. Then on Friday,  shockingly dismal U.S. jobs data shoved copper down to $1.3560 [...]
         

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