📈 Copper reaches new 8-year highs

Copper gains 1.7% today and is one of the best performing commodities. Improved outlook for the global economy, caused by the approaching US stimulus and vaccination process, is supporting industrial metal prices. Copper has broken above peak from early-January and is trading at fresh 8-year highs now. Price is attempting to break above the long-term resistance zone ranging around 8,250 handle. The next resistance to watch can be found at 8,650

Source: xStation5

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