COPPER extending a Bullish Leg to the 7-month Resistance.

Copper (HG1!) has been trading within a Channel Up since the August 07 2024 Low and the last two days has resumed the uptrend, invalidating the Jan 17 rejection. This suggests that the current rally is the latest technical Bullish Leg and should be extended to the top of the pattern for a Higher High.

Until then however, there is Resistance Zone 1 to consider, which is holding since June 2024, so we will be going for less risk, targeting 4.6550.

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