Copper Price, page-181

CU price is developing interestingly. Resistance at 4.70 is not far away. A break in the hourly chart would pave the way towards recapturing 5. Not so far away from a technical point of view.

In the weekly chart you can see the huge ascending triangle with the resistance zone 5 to 5.20 (5.20 was a short squeeze). In a 2-5 year context, a break in the next 12 months of this zone to the upside would open the way to much higher CU prices. Theoretically, the targets could be almost 100% higher than the current price. So around USD/lb 8 or higher. All gimmicky and theoretical of course.....so DYOR