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Copper Forecast: Testing Resistance
It does look like a market that is trying to top out, at least at the top of an overall consolidation region between the $4.50 level in the $5.00 level. Technical Analysis The technical analysis for this pair is somewhat bullish, but you also have to keep in mind that we are in the sideways consolidation area, and therefore it’s going to be more range bound trading at this point. However, if we were to break above the shooting star from Thursday of last week, then I think you have a shot at the copper market going to the $5.25 level. If we break down from here, then the 50 Day EMA is an area of interest, and then ... (full story)
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- Jun 10, 2025 8:09am Posted byTechnical Analysis271
