Will Copper continue higher?
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Copper is bouncing off the strong long-term upside support 4.000 and is forming the rising wedge. A clear confirmed break above the 4,36 would definitely call for more upside and a test of a previous high 4.91 and a possible attack on rectangle top 5.25.
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The weekly chart shows that the instrument is retesting a previously broken upside triangle resistance 4.36. Hold of this level is important for the upside continuation.
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On a daily chart, we can see that the Already a member? This article is so good, it’s for premium members only.
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