After reaching the 2016 lows to $4370 in 2016, copper climbed for 3 consecutive months, earning $ 1600 about 37%. The $6000 target reported 3 weeks ago has been reached.

This level is the watershed for new strong climbs or new and tiring descents.

Surely, at least in the short term, this area, where several important resistances such as the moving average at 200 weeks (blue line) and the downward trend traced by the highs of two years ago, could stop the climb in favor of new settlements.

However, in the medium term, a new momentum in prices with first targets set at least up to $6200-$6500 is not excluded.