HGZ10 – December Copper (Last:3.7710)

December Copper (HGZ10) price chart with targetsRally targets at 3.8605 and 4.2480 are discernible on the weekly chart (see inset), and the lower of the two implies that December Copper has a big move ahead of it before any serious impediments turn up.  I’ve used a long-term chart here because the respective midpoints of the two bullish patterns have been decisively exceeded. However, if we lower our sights to the hourly chart, the first Hidden Pivot resistance we find lies at 3.7920.