Bollinger Bands Narrow as Copper Consolidates

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Spot Copper ($COPPER) has gone nowhere the last three months and a narrowing consolidation is taking shape. The pink lines show the Bollinger Bands narrowing as volatility contracts. This is confirmed by the bandwidth indicator, which is trading near seven month lows. Traders should watch range for a break to trigger the next directional signal.

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Bollinger Bands Narrow as Copper Consolidates

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