LME Copper has regained robust upward momentum after clearing the 50-day shifting common, setting the stage for a possible transfer towards multi-month highs, Société Générale’s FX analysts be aware, Société Générale’s FX analysts be aware.
LME Copper eyes increased peaks
“LME Copper established itself above the 50-DMA lately and broke out from a base. This has resulted in a gentle up transfer. Day by day MACD stays anchored inside constructive territory highlighting prevalence of upward momentum.”
“LME Copper is prone to inch increased regularly in the direction of projections of 9940/9975 and maybe even in the direction of the graphical stage of 10160 representing the peaks of September 2024 and March 2025. If a short-term pullback develops, the 50-DMA close to 9560 might present help.”
