LME Copper breaks out, eyes 2024 high at 11,100 – Société Générale
LME Copper has surged past the upper boundary of its prolonged consolidation phase, setting its sights on the 2024 peak near 11,100. While a brief consolidation cannot be ruled out, momentum indicators show no clear signs of reversal.

LME Copper has surged past the upper boundary of its prolonged consolidation phase, setting its sights on the 2024 peak near 11,100. While a brief consolidation cannot be ruled out, momentum indicators show no clear signs of reversal. Holding above support at 10,590 would keep the uptrend intact, opening the way for further gains toward 11,470 and 11,920, Société Générale's FX analysts note.

Momentum builds as Copper extends rally above range

"LME Copper crossed the upper band of its long consolidation resulting in a steep up move. It is inching towards 2024 high of 11100. A brief pause cannot be ruled out however signals of a meaningful pullback are not yet visible."

"The low achieved earlier this week at 10590 could be first support. Defence of this level may result in continuation of up move. Beyond 11100, the next projections are located at 11470 and 11920."

FXStreet
Trade The World
超過一百萬用戶依賴 FXStreet 獲取即時市場數據、圖表工具、專家洞見與外匯新聞。其全面的經濟日曆與教育網路研討會協助交易者保持資訊領先、做出審慎決策。FXStreet 擁有約 60 人的團隊,分布於巴塞隆納總部及全球各地。
Read More

LIVE QUOTES

Name / Symbol
Chart
% Change / Price
GBPUSD
1 D change
+0%
0
EURUSD
1 D change
+0%
0
USDJPY
1 D change
+0%
0

ALL ABOUT FOREX

探索更多工具
交易學院
瀏覽涵蓋交易策略、市場洞察和金融基礎知識的廣泛教育文章,一站式學習。
瞭解更多
課程
探索結構化的交易課程,旨在支持您在交易旅程的每個階段的成長。
瞭解更多
網絡研討會
參加現場和點播網絡研討會,從行業專家那裡獲得實時市場洞察和交易策略。
瞭解更多