Copper (LME) maintains its bull “flag” and strategists at Credit Suisse see significant further upside, with initial resistance seen at $7254/7348. Key quotes “Copper maintains its bullish ‘flag’ continuation pattern and we expect a further rise toward $7254/7348 – the high of 2018 and 50% retracement of the 2011/2016 collapse. Whilst we suspect this caps at first, above in due course can see the 61.8% retracement at $7947.” “We would highlight that bull ‘flags’ can lead to a full extension of the previous upmove, which could potentially see strength extend as far as $8895.” “Support at $6465 ideally holds setbacks, but with a move below $6226 needed to negate the ‘flag’.” 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 EUR/USD: 1.65 barrier to hold – ANZ FX Street 1 year Copper (LME) maintains its bull “flag” and strategists at Credit Suisse see significant further upside, with initial resistance seen at $7254/7348. Key quotes “Copper maintains its bullish ‘flag’ continuation pattern and we expect a further rise toward $7254/7348 - the high of 2018 and 50% retracement of the 2011/2016 collapse. Whilst we suspect this caps at first, above in due course can see the 61.8% retracement at $7947.” “We would highlight that bull ‘flags’ can lead to a full extension of the previous upmove, which could potentially see strength extend as far as $8895.” “Support at $6465 ideally holds setbacks,… Top 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.
