Copper bounced from $2.7235 low posted after strong two-day losses, when metal price fell over 3%. Results of US midterm elections sent dollar lower across the board and boosted the metal price Fresh recovery emerged above daily cloud (cloud top lays at $2.7557), retracing nearly 50% of $2.8215/$2.7235 bear-leg and improving technical outlook as the price moved above a cluster of daily MA’s and fresh bullish momentum is building. Bulls look for renewed attack at bear-channel resistance line ($2.7734) which capped the action on Tuesday and was breached on Fri/Mon upticks to $2.8185/$2.8215 peaks. Close above the ... (full story)