Cautiously bullish on Q2 earnings strength and technical momentum above key moving averages, but increasingly aware extreme put/call 0.53 complacency at 7,557 consolidation creates asymmetric downside risk into July 7-11 earnings catalyst with 7,600 resistance remaining formidable
Copper quietly delivers, wheat explodes while nobody's watching, and crude oil reminds the desk that the war premium has a pulse.
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Copper key levels breakdown: support zones, resistance zones, confluence and price structure.
