Copper price: Break above $9755/9820 is crucial to see further gains - SocGen

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5 October 2021

Copper price: Break above $9755/9820 is crucial to see further gains - SocGen

FXStreet reports that strategists at Société Générale expect copper to recoup some ground towards the $9755/9820 resistance zone.

“Holding above last week's low of $8880, it could attempt a rebound towards a multi-month trend line near $9580 with next hurdle at projections of $9755/9820. Overcoming this will be crucial for next leg of uptrend.”

“Only a break below $8740 would denote an extended down move.”

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