Copper Technical Outlook
Copper prices have coiled over the last several months, forming a Symmetrical Triangle pattern. A breakout may occur once prices pierce above or below the triangle’s trendlines. The measured move—based on the triangle’s widest point—sees a potential breakout to around the 4.15 or 2.67 levels. That said, traders should position their trades for a near-term vol increase.
PJL, page-4
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