LME copper prices trended upward this month but were still within the oscillating pattern that started July 2018. After hitting the late December low of $5,725/mt, the LME price trended upward since early January. LME copper prices increased throughout the first two months of 2019 but are still technically within the resistance boundary of the oscillating pattern, marked by the $6380/mt price point. From a longer-term perspective, this is beyond the $6,000/mt level that served as the resistance point when prices trended lower during the first seven months of 2017. A recent report from the International Copper Study ... (full story)