Copper futures started the week with modest gains before slipping back. Early in today’s session, prices moved higher again. Our main outlook is that price should continue climbing well above resistance at $6.58 before eventually turning lower. Alternatively, copper futures could drop straight below support at $5.25, signaling that the corrective upswing has already ended (probability: 34%).
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📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.