Copper gets squeezed for a large swing

Copper is squeezed in a tight 3.2-3.4 range

 

The copper is likely going for a break above 3.6. A break above 3.6000 is required for an upside reversal and a strong swing higher. Now only a confirmed break below 3.2000 can lead to an invalidation of the large swing higher and upside continuation. There is strong support from the rising uptrend line connecting three higher lows from March 2022

Note: look for the long trades with a stop loss below 3.2000

Copper upside swing

 

 

 

 

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