LME copper targets $5,874-$5,941 this week

• The resistance is identified as the 50pc projection level of an upward wave (c) from $5,588.
• This wave has travelled above its 38.2pc projection level at $5,764.

The resistance is identified as the 50pc projection level of an upward wave (c) from $5,588.

This wave has travelled above its 38.2pc projection level at $5,764.

It has a better chance of extending to $5,874 or $6,050.

A break below $5,764 may cause a fall to $5,697.