Copper: Our next up target is 4.4805
The RSI is above 50.
The MACD is above its signal line and negative.
The MACD must break above its zero level to trigger further gains.
Copper (CME) (H2) is above its 20 and 50 period moving average (respectively at 4.4055 and 4.4080).
Our preference: Our next up target stands at 4.4805.
Alternative scenario: The downside breakout of 4.3815 would call for 4.3455 and 4.3235.
The MACD is above its signal line and negative.
The MACD must break above its zero level to trigger further gains.
Copper (CME) (H2) is above its 20 and 50 period moving average (respectively at 4.4055 and 4.4080).
Our preference: Our next up target stands at 4.4805.
Alternative scenario: The downside breakout of 4.3815 would call for 4.3455 and 4.3235.
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