HGU11 – September Copper (Last:4.1890)

September Copper (HGU11) price chart with targetsSeptember Copper is within pitching-wedge distance of generating its first bullish impulse leg in more than a month on the daily chart.  Buyers need only push the futures six cents above the recent 4.2300 high, surpassing May 3’s 4.2815 peak, to do the job.  Failing that, we might expect this vehicle to ease toward the 4.0255 midpoint support of a minor bearish pattern on the ‘daily’.