Copper (LME) is heading up towards the 9617.00 February high above which lies the 9905.00/10190.00 region, Axel Rudolph, Senior FICC Technical Analyst at Commerzbank, reports. Copper has been rising over the past week or so and is getting ever closer to the 9617.00 February high “As long as the 9617.00 high isn’t overcome further sideways trading around the 9000.00 mark should take place.” “A rise and daily chart close above the 9617.00 February high would make us bullish again and engage the February and August 2011 highs at 9905.00/10190.00.” “Potential support above the 8570.00 March low comes in along the 55 day moving average at 8804.37 and also at the 8695.00 late March low.” “Below 8570.00 support comes in at the January high at 8238.00. This we would expect to hold, if it were to be revisited at all. Below it sits the December high at 8028.00.” “While the contract stays above the 7705.00/7673.00 late December and January lows we will stay overall bullish.” 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 China likely to return to trend growth after V-shaped recovery – Goldman Sachs FX Street 2 years Copper (LME) is heading up towards the 9617.00 February high above which lies the 9905.00/10190.00 region, Axel Rudolph, Senior FICC Technical Analyst at Commerzbank, reports. Copper has been rising over the past week or so and is getting ever closer to the 9617.00 February high "As long as the 9617.00 high isn't overcome further sideways trading around the 9000.00 mark should take place." "A rise and daily chart close above the 9617.00 February high would make us bullish again and engage the February and August 2011 highs at 9905.00/10190.00." "Potential support above the 8570.00 March low comes in along… 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.
