The technical outlook for the LME complex as a whole continues to improve with copper completing the full set of important basing patterns to now be in place.
The past 12 months volatile consolidation pattern is now confirmed to have been a bottoming process with chart measurements suggesting moves closer to the 6100 and even 6400 areas in the weeks and months ahead. Interim resistance should be anticipated at initially 5440 although immediate pullbacks are likely to be restricted to potentially sharp but probably short lived corrective action only.
My clients have been long of metals for some time now but further opportunities to get on board will be had on corrections.
Take a free trial of my daily report, visit