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Copper technical analysis: getting ready to rally
Copper prices recently reached a new multimonth high, as the popular metal tested towards the $3 resistance level. Copper price analysis shows that buyers may start to target towards the $4 level over the medium term. Copper is preparing for its next big directional move, as the metals space starts to experience unprecedented trading volatility. Copper technical analysis shows that a bullish pattern is indicating that the metal could be preparing to rally towards $4 over the medium term. The daily time frame shows that a bullish inverted head-and-shoulders pattern, with around $1 of upside potential, has formed. ... (full story)