Copper futures are aiming for the May high at 812.60 after prices confirmed a breakout above a Descending Triangle chart formation.
The 200-day Simple Moving Average helped maintain the dominant uptrend as the red metal continues to consolidate since earlier this year.
A drop back under the July high at 768.50 could undermine upside progress, reorienting copper back towards the SMA.
Clearing the May high exposes the 78.6% Fibonacci extension at 851.8636 towards the 100% level at 900.60.
HG1!
The 200-day Simple Moving Average helped maintain the dominant uptrend as the red metal continues to consolidate since earlier this year.
A drop back under the July high at 768.50 could undermine upside progress, reorienting copper back towards the SMA.
Clearing the May high exposes the 78.6% Fibonacci extension at 851.8636 towards the 100% level at 900.60.
HG1!
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免責聲明
這些資訊和出版物並不意味著也不構成TradingView提供或認可的金融、投資、交易或其他類型的意見或建議。請在使用條款閱讀更多資訊。