Copper seemingly has broken its downtrend, with the presence of a strong linear regression uptrend on the daily chart (0.86) this upward movement will likely continue.
If copper doesn't make a new high today (which I don't believe it will), we will likely see a retest of the 2.72-2.74 area (top of the channel).
I'm itching to relong from this area.
Copper broke the range it was trapped in on Friday, and I've been long via IVN.TO for roughly a month now.
I'll be buying any dips or retests of the previous range.
As soon as we touch sub 4.50 for IVN i'll be buying.
-Healthy RSI, MACD crossing up on the 1D.
