Can Copper Breakout Hold?

From tickmill.com

Copper prices are on watch this week after fresh stimulus measures were announced in China over the weekend. The government announced a ‘special action plan’ on Sunday, aimed at boosting domestic consumption including plans to bolster incomes and subsidise childcare. The move has been announced in response to a recent squeeze in consumer demand over recent years but and is feeding into better demand expectations for the copper market. Additionally, better-than-forecast data overnight has helped feed into bullish sentiment. Industrial production was seen at 5.9% YoY, above the 5.3% the market was looking for, ... (full story)