COPPER chart - Trading View
Copper has erased some on the gains to trade at 3.157, up 0.17% on the day at around 11:20 GMT.
The pair hit 3-week highs at 3.180 earlier in the day before trimming some gains.
Technical analysis shows further gains on charts. Indicators are bullishly aligned. MACD shows bullish crossover on signal line.
Price action is above major moving averages and rising volatility is likely to drive prices higher.
Momentum studies are bullish. Stochs and RSI are biased higher and RSI is above the 50 mark.
'Bearish Divergence' on the weekly charts can cause some resistance on the upside. Resumption of upside will see test of 3.224 (Upper W BB)
