Prices put in a Hammer candlestick above support at 30.23 and rebounded to retest a previously broken barrier at 31.11. A push above this exposes falling trend line resistance at 31.70. Alternatively, a reversal lower through immediate support targets the 30.00 figure.
Comex E-Mini Copper (NY Close): $3.774 // +0.066 // +1.78%
Prices broke back above 3.713, a former support level recast as resistance, with bulls now aiming to retest the underside of a formerly broken Triangle formation (now at 3.816). The 3.713 level is support once again.
Daily Chart - Created Using FXCM Marketscope 2.0