Lanmar

Copper outlook (weekly scale)

Lanmar Updated   
COMEX:HG1!   Copper Futures
7
The way I see it is this. The resistance level at the 2.90 - 3 range is so strong that if copper breaks through it, it will break through it like a knife in butter and will probably trade in the all-time highs again. This trade is extremely interesting because of the strong support directly below the low of the flag. The yellow wall could arguably be a monthly trendline breakout confirmation, though the symmetry isn't ideal. A big part of me wants to be long as we approach the 2.90 region.
Comment:
Major breakout. Stopped in major resistance level. I think we blow past it. We'll see how..
Comment:
Like butter... Look out for high 3s low 4s.
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