12 Oct 2021 ● 04:42 AM
Copper has possibly completed its complex correction in the form of W-X-Y-X-Z. In yesterday's trading session, it gave a breakout from the triangular pattern and closed above the key moving averages. An immediate hurdle on the upside will be $4.45 i.e. upper end of the downward sloping channel. Once it closes above the upper end of the channel, copper can re-test the May 2021 high of $4.89.