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SYMBOL
LAST
BID
ASK
HIGH
LOW
NET CHG.
%CHG.
SPREAD
SPX
S&P 500 Index
6781.99
6781.99
6781.99
6811.14
6763.62
+0.51
+ 0.01%
--
DJI
Dow Jones Industrial Average
47437.80
47437.80
47437.80
47711.26
47294.50
-268.70
-0.56%
--
IXIC
NASDAQ Composite Index
22760.25
22760.25
22760.25
22877.71
22698.20
+63.16
+ 0.28%
--
USDX
US Dollar Index
99.110
99.110
99.190
99.130
98.640
+0.250
+ 0.25%
--
EURUSD
Euro / US Dollar
1.15779
1.15779
1.15786
1.16451
1.15764
-0.00302
-0.26%
--
GBPUSD
Pound Sterling / US Dollar
1.34182
1.34182
1.34193
1.34572
1.33942
+0.00025
+ 0.02%
--
XAUUSD
Gold / US Dollar
5178.33
5178.33
5178.74
5223.17
5149.24
-13.47
-0.26%
--
WTI
Light Sweet Crude Oil
84.966
84.966
84.996
87.536
80.849
-0.046
-0.05%
--

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USA At Fault In Strike On School In Iran - Nyt Says, Citing Preliminary Inquiry

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Q&A with Experts
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    Victor flag
    Or worse, 60k main support buddy
    Alexandros flag
    Victor
    I think the downside risk is still higher. My primary downside target is 66k - 65k if holding at 69k fails
    @Victorme and you borther i going about the news
    Sean flag
    john
    @johnmomentum feels steady ,,not impulsive though
    Size flag
    Alexandros
    @AlexandrosThat makes sense, geopolitics can drive gold and BTC in opposite directions sometimes.
    Alexandros flag
    Size
    @Sizeyes sire
    john flag
    Sean
    @Sean Controlled sell pressure is healthier than panic dumps.
    Victor flag
    Alexandros
    @AlexandrosI'm also looking forward to the news
    Alexandros flag
    Size
    @Size2m ago (15:05 GMT) More Israeli air attacks reported in Lebanon Lebanon’s National News Agency reports further Israeli air attacks across the country. In Nabatieh governorate, an Israeli drone struck a motorcycle in the town of Haris, causing at least one injury while an air strike later targeted the town of Yater. An unmanned aerial vehicle also targeted a pickup truck on the outskirts of Bodai, in eastern Lebanon’s Baalbek region. No injuries were reported. Air strikes were also reported on Beit Yahoun and nearby Kunin in southern Lebanon.
    Victor flag
    @AlexandrosI'm waiting for a clearer breakout or breakdown confirmation before committing to a larger position
    Nawhdir Øt flag
    saya sedang taruhan membeli gas alam.
    Nawhdir Øt flag
    Victor flag
    @Nawhdir ØtRight now I'm leaning towards scalping long around 69.5k-70k with a tight stop below 69k, target 71.5k
    Victor flag
    But don't FOMO and go all-in because the risk-off can still come back at any time
    Sean flag
    john
    @johnH4 trend still pointing down clearly
    Victor flag
    Nawhdir Øt
    saya sedang taruhan membeli gas alam.
    @Nawhdir ØtOh, I've never seen it before
    Size flag
    Alexandros
    @AlexandrosWhat's your target level for the sell?
    Alexandros flag
    Victor
    @AlexandrosI'm waiting for a clearer breakout or breakdown confirmation before committing to a larger position
    @VictorTHAT WANT A DAYS
    Victor flag
    Sean
    @SeanWhich couple are you talking about?
    john flag
    Sean
    @Sean Higher timeframe bias always carries more weight.
    Victor flag
    This market is really brutal; my heart races every time I look at the chart
    Type here...
    Add Symbol or Code

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          LME Copper Still Exhibits Upside Momentum with Short-Term Macro Liquidity Support Added

          Eva Chen
          Summary:

          Summary: With short-term macroeconomic liquidity support and disruptions in copper supply, LME copper still has the potential to rise to $11,000 per ton, though this may occur as a volatile, pulse-like trend.

          BUY COPPER
          EXP
          EXPIRED

          9510.000

          Entry Price

          10798.000

          TP

          9310.000

          SL

          13049.650 -68.250 -0.52%

          --

          Pips

          EXPIRED

          9310.000

          SL

          9574.950

          Exit Price

          9510.000

          Entry Price

          10798.000

          TP

          Fundamentals

          The recent fluctuations in the global economic landscape and adjustments in macroeconomic expectations have led to significant volatility in the base metals market. Metals such as copper, aluminum, lead, and zinc have experienced a surge followed by a pullback after a period of increase.
          In June, copper cross-market arbitrage has subsided, and the price spread between LME copper and COMEX copper has returned to normal. Additionally, The global manufacturing expansion momentum has slowed down, leading to a gradual weakening of base metals. Meanwhile, the strengthening dollar and the significantly better-than-expected US May nonfarm payroll data have diminished expectations for a Fed rate cut, increasing the pressure on the base metals sector to pull back.
          The market now needs to pay attention to the performance of US May inflation data. Reaching $12,000 per ton for LME copper is considered a matter of time, primarily due to long-term underinvestment on the supply side resulting in limited supply elasticity, and the high growth and sustainability of demand in sectors such as electric vehicles, photovoltaics, wind power, and AI. This suggests a tight supply-demand expectation for copper in the future.
          In the short term, however, due to the downward shift in price focus, short-term macro liquidity support combined with copper supply disruptions presents a risk of LME copper rising to $11,000 per ton, though this could be a pulse-like movement.
          LME Copper Still Exhibits Upside Momentum with Short-Term Macro Liquidity Support Added_1

          Technical Analysis

          Technically, despite the recent significant pullback in LME copper prices, the overall upward momentum remains supported. The outlook will continue to be bullish as long as the support range of $9,640.00-$9,503.00 is maintained. The next target is the endpoint of the butterfly pattern in the $11,500.00 area, where the 100% Fibonacci projection of $10,924.00 to $11,500.00 and the long-term channel resistance are around.
          In the shorter timeframe, copper prices show signs of breaking a "head and shoulders" pattern, indicating that the pullback will continue until the key support range is reached. In terms of trading, a strategic positioning is recommended.

          Trading Recommendations

          Trading Direction: Long
          Entry Price: 9510
          Target Price: 10798
          Stop Loss: 9310
          Valid Until: 2024-06-26 23:55:00
          Support: 9746, 9629, 9505
          Resistance: 9859, 9994, 10213
          Risk Warnings and Disclaimers
          You understand and acknowledge that there is a high degree of risk involved in trading. Following any strategies or investment methods may lead to potential losses. The content on the site is provided by our contributors and analysts for information purposes only. You are solely responsible for determining whether any trading assets, securities, strategy, or any other product is suitable for investing based on your own investment objectives and financial situation.
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