Copper Price Today: Bulls cheer weekly resistance breakout around $4.20
newscatcher
2021-06-22 05:30
Copper Price Today: Bulls cheer weekly resistance breakout around $4.20
Copper extends Monday's recovery moves from mid-April lows. Upbeat MACD, sustained trend line break keep buyers hopeful. Monthly horizontal resistance becomes the key for a trend change. Copper prices regain upside momentum, up 0.41% intraday around $4.20, ahead of Tuesday's European session. In doing so, the red metal rises from the second consecutive day following its drop to the lowest since April 14. The upside momentum takes clues from the bullish MACD, as well as a clear break of a one-week-old support line, previous resistance.

https://www.fxstreet.com/news/copper-price-today-bulls-cheer-weekly-resistance-breakout-around-420-202106220523

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