COPPER chart - Trading View
Copper was trading 2.28% higher on the day at 4.4354 at around 17:20 GMT, outlook bullish.
Copper prices buoyed as global recovery hopes from the pandemic triggered a rally in metals markets.
Also, concerns about supplies from Chile, sliding inventories, a lower dollar and expectations of stronger demand from top consumer China boosted fresh buying.
That said, rise in coronavirus cases and new variants threaten to derail reopening plans in some regions such as India, could limit gains.
Technical bias is strongly bullish. Little resistance is seen for bulls. Scope for fresh all time highs.
