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- Copper heads back up towards its December high at 8028.00 - Commerzbank
Copper heads back up towards its December high at 8028.00 - Commerzbank
FXStreet reports that Axel Rudolph, Senior FICC Technical Analyst at Commerzbank, notes that copper (LME) is trying to reach its December high at 8028.00 as the metal remains bullish while above 7673.00/7635.00.
“The contract remains bid while it continues to trade above the December 8 and 23 lows at 7673.00/7635.00 on a daily chart closing basis.”
“Above the 8028.00 high sits the April 2010 high at 8043.75 and further up the September 2012 and February 2013 peaks at 8346.00/8422.00.”
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