There is a lot to like from a technical perspective regarding copper. Price carved a doji on Friday and price has reacted to a level defined by VWAP from the March 2020 low and former resistance (January 2021 high). Also, the decline from March consists of 2 equal legs. I'm thinking higher as long as last week's low holds. The May low at 4.0370 is a soft target.
-Jamie
-Jamie
Director of Technical Research at Krilogy, author Sentiment in the Forex Market
Twitter: twitter.com/jamiesaettele
Website: www.krilogy.com/
Twitter: twitter.com/jamiesaettele
Website: www.krilogy.com/