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Chart Of The Day: Copper

Published 01/05/2021, 06:05 PM
Updated 07/09/2023, 06:31 AM
Copper has been on an absolute tear higher following the COVID lows. The rally has seen only a few "pauses" before the next leg higher. We may be nearing another "pause" near term as the 3.68 level 127% Fibonacci extension comes into view with a very divergent RSI. This may allow for a consolidation. While we are above 3.3200 (previous 2017 and 2018 highs) the copper market remains bullish.
Copper Daily Chart.

Latest comments

where is the copper going in fews day
When do you think copper will hit that’s $4.57 Mark. It went up a $1.00 in the last 3 months???
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