Key takeaways Risk-on rebound fuels copper rally: Copper surged ~17% from its March low, driven by improved sentiment after the US–Iran ceasefire, recovering most war-related losses and stabilizing near pre-conflict levels. Fundamentals are still supportive: Global manufacturing activity remains in expansion (PMI diffusion ~72%), providing a solid demand backdrop for copper, with upcoming flash PMI […]
The post Chart Alert: Bullish Flag Formation in Copper (XCU/USD) as 2nd US-Iran Peace Talks Loom appeared first on ActionForex.
