Copper reaches the estimated target area of $6000 zone.

At the moment, copper has exceeded the first target in the $6000 area, returning to the $6100. It will now be essential to evaluate, on a weekly basis, the closure of the metal.

We reiterate that the quotations are concomitant with a strong resistance area in transit between $6000$-$6050 (moving average at 200 weeks – blue line and upper limit of the bearish channel valid from June 2018 highs).

In this context, first retreats with potential returns to the area of $6000$-5950$ cannot be excluded, keeping the current positive short-term climate intact.

Go to the “Free Trial” page and request free access for three weeks.