Trump’s 50% copper tariff hits refined metal too
New Tariff Announcement: Donald Trump has announced a 50% tariff on refined copper starting August 1, which includes semi-finished products, raising concerns among U.S. manufacturers who rely heavily on imported copper for various industries.
Industry Response and Implications: Industry leaders are urging Trump to reconsider the inclusion of copper scrap in export controls, arguing that it would not alleviate domestic shortages and could lead to significant supply chain disruptions, particularly in military and energy sectors.
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Technical Analysis for AURORA
Technical Sentiment Analysis for Aurora (AURORA) As of , Aurora (AURORA) is exhibiting a Sell technical sentiment. Our proprietary analysis, which aggregates 3 technical signals, shows that 0 indicators are flashing buy, while 3 are indicating sell.
Momentum Indicators: RSI, MACD & Overbought/Oversold Status Currently, the Relative Strength Index (RSI) for AURORA stands at -, which suggests a Neutral condition. Meanwhile, the MACD (12, 26) indicator is at -, providing a Neutral signal for short-term momentum. Other oscillators like the Stochastic Oscillator at - and the Commodity Channel Index (CCI) at - further confirm a - outlook for the stock.
Support, Resistance & Moving Averages From a structural perspective, AURORA is trading below its 60-day moving average of $- and below its 200-day long-term moving average of $-. Key price levels to watch include the immediate resistance at $- and strong support at $-. A break above $- could signal a bull continuation, while falling below $- may test the next Fibonacci floor at $-.
Aurora (AURORA) Support & Resistance Level
| Name | S3 | S2 | S1 | Pivot Points | R1 | R2 | R3 |
|---|---|---|---|---|---|---|---|
| Classic | 0.00549 | 0.0144 | 0.0228 | 0.0317 | 0.0401 | 0.049 | 0.0574 |
| Fibonacci | 0.0144 | 0.021 | 0.0251 | 0.0317 | 0.0383 | 0.0424 | 0.049 |
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