Copper is trading around the vicinity of the six-month top of 2.7644, achieved earlier today, continuing the buying interest that started on March 19. Looking at the short-term oscillators, the stochastic and the RSI signal a slight decrease around their overbought marks as they are losing momentum. However, the MACD oscillator is still showing some improvements above its trigger line. Should buyers drive above the six-month peak of 2.7644, they could encounter initial strengthened resistance from the 2.8800 barrier, taken [..]
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