Copper names BHP Group (BHP) and Rio Tinto (RIO) are rallying into moving average resistance at their 10-day and 20-day moving averages. Industrial metals have been rallying over the past few days on news that the Biden Administration will impose tariffs on Russian aluminum. These new-based rallies are potentially shortable at or near the moving averages which are then used as covering guides.
Short-Sale Set Up - Coppers BHP and RIO 3/1/23
|Published:||1 Mar 2023 13:29 ET|
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