Copper consolidation is seen as a healthy development in the intact core bull trend. In the end, strategists at Credit Suisse expect the metal to reach the $10190 key high of 2011. Copper consolidation is seen as temporary “Copper (LME) remains in its range but this is seen as a healthy and overdue phase following the impressive rally of the past year.” “Support for a pullback is seen at the 63-day average, currently at $8594. Below can see a deeper pullback to $8570, with our bias remaining for this to prove a solid floor, and with next support then seen at $8238, the January 2021 high.” “Post the consolidation, we look for a resumption of the uptrend back to and then above the current cycle high at $9617. We would then see resistance next at the psychological $10000 resistance level and eventually the key high of 2011 at $10190.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next USD/CAD climbs back above mid-1.2500s amid a modest USD rebound FX Street 2 years Copper consolidation is seen as a healthy development in the intact core bull trend. In the end, strategists at Credit Suisse expect the metal to reach the $10190 key high of 2011. Copper consolidation is seen as temporary "Copper (LME) remains in its range but this is seen as a healthy and overdue phase following the impressive rally of the past year." "Support for a pullback is seen at the 63-day average, currently at $8594. Below can see a deeper pullback to $8570, with our bias remaining for this to prove a solid floor, and with next… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
