Home Markets Futures Technical Analysis: Is Copper Squeezing Toward a Breakout?

Technical Analysis: Is Copper Squeezing Toward a Breakout?

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July 23, 2021

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Copper had a dramatic run coming out of the pandemic, more than doubling between March 2020 and May 2021. Now, after a period of consolidation, it may be ready for more upside.

First consider the ascending triangle that’s formed with a top around $4.35. It’s currently attempting its highest close in six weeks, which could result in …

For more, please click here to view the related idea and chart analysis on TradingView.

Copper, daily chart with selected patterns, courtesy of TradingView.

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