Copper is on the rise again

Copper is bouncing off the uptrend resistance line

 

Copper has retested the previously broken uptrend resistance of 3.6440 and bounced off it. We need to see a continuation higher above 3.7500 for an upside continuation from here and an extension to 4.400. Only a break below 3.500 could invalidate or delay the upside continuation which is highly unlikely.

Note: look for the long trade with the stop loss below 3.4900

 

 

 

 

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