SINGAPORE: LME copper may retest a resistance at $8,098 per tonne this week, a break above could open the way towards $8,202-$8,313 range.
The correction triggered by the resistance at $8,202 seems to have been shaped into a small triangle, which is highly likely to turn out to be a bullish continuation pattern.
A break below $7,910 could cause a fall into $7,729-$7,820 range.
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