We’ve been tracking Copper since February’s breakout, waiting for prices to show signs of stability above key support. We note an orderly retracement has allowed prices to drift closer towards the $2.87 breakout level, and has stalled near its 20-day average to suggest the correction may have ended. Yesterday’s bullish inside day preceded today’s breakout to a 3-day high, which also invalidated its four-hour retracement line. Now momentum is perking up, we suspect it is ready to revert to its bullish trend and have another crack at breaking $3.00.
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