In last night’s Closer, we noted the recent price action of copper.  Over the past several months, copper had been consistently moving lower in a solid downtrend, but that downtrend has been broken this week.  Finishing up about 1% in yesterday’s session, copper had its first close above resistance which would suggest a further move higher.  We’re seeing additional gains today as the commodity continues to break out.  Over the next few weeks, copper bulls will look for a series of higher highs and higher lows that would eventually form a new uptrend.  Start a two-week free trial to one of our three membership levels for Bespoke’s most actionable research.

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