Free Trial

Real-time Actionable Insight

Get the latest on Central Bank Policy and FX & FI Markets to help inform both your strategic and tactical decision-making.

Free Access

(Z1) Bull Rally Extends

  • RES 4: $500.00 - Psychological round number
  • RES 3: $490.68 - 1.764 proj of Aug 19 - Sep 13 - Sep 21 price swing
  • RES 2: $487.05 - High May 10 and the bull trigger
  • RES 1: $478.00 - High May 18
  • PRICE: $472.05 @ 13:55 BST Oct 15
  • SUP 1: $448.30 - Low Oct 14
  • SUP 2: $428.65 - Low Oct 12
  • SUP 3: $411.40 - Low Oct 6
  • SUP 4: $405.45/401.60 - Low Sep 30 / Low Sep 21

The Copper rally continues to accelerate and futures are firmer once again today. The contract has cleared resistance at 458.60, Jul 27 high. A strong bullish condition was confirmed this week on the break of resistance at $430.68, a bear channel top drawn from the May 10 high. This suggests the 5-month correction is over and signals a resumption of the broad uptrend. The focus is on $487.05, May 10 high and the major resistance.

To read the full story

Why Subscribe to


MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.