Copper chart analysis showing resistance at $3.80

Positive correlation between copper and TSX Index
Copper chart analysis using a weekly line chart and a TSX Index overlay. Correlation coefficient is identified on the chart.

Copper 3-Year Weekly Chart with TSX Index Overlay – courtesy of StockCharts.com

The major trend is sideways for copper. The intermediate and near-term trends are up with resistance at $3.80.

Reference the last chart analysis for copper.

Reference the last chart analysis for the TSX Index.

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