Bullish Consolidation

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Bullish Consolidation Copper Cash ContractPEPPERSTONE:COPPERForexAnalytixPipczarAfter the copper market exploded higher on the Trump Administration’s 50% tariff headline, the market has been quietly consolidating above the breakout level at 5.33. While above this level the risk is higher, and in case of a break back below the 5.30 level, the risk would be a larger retracement. This would likely be caused by the Trump Administration abandoning that threat of a 50% tariff.