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Technical Analysis: Is Copper Squeezing Toward a Breakout?
David Russell
July 23, 2021

Copper had a dramatic run coming out of the pandemic, more than doubling between March 2020 and May 2021. Now, after a period of consolidation, it may be ready for more upside.

First consider the ascending triangle that’s formed with a top around $4.35. It’s currently attempting its highest close in six weeks, which could result in …

For more, please click here to view the related idea and chart analysis on TradingView.

Copper, daily chart with selected patterns, courtesy of TradingView.
Tags: FCX | TECK | VALE

About the author

David Russell is Global Head of Market Strategy at TradeStation. Drawing on nearly two decades of experience as a financial journalist and analyst, his background includes equities, emerging markets, fixed-income and derivatives. He previously worked at Bloomberg News, CNBC and E*TRADE Financial. Russell systematically reviews countless global financial headlines and indicators in search of broad tradable trends that present opportunities repeatedly over time. Customers can expect him to keep them appraised of sector leadership, relative strength and the big stories – especially those overlooked by other commentators. He’s also a big fan of generating leverage with options to limit capital at risk.