LME Copper rally pauses near 13,400 – Société Générale
Source Fxstreet
LME Copper has stalled near strong resistance at 13,400, with weakening momentum suggesting a potential near-term consolidation, Société Générale's FX analysts note.
Copper faces consolidation risk below 13,400
"LME Copper met strong resistance near 13400 earlier this month, causing the recent up‑move to stall. The daily MACD, which had reached multi‑year highs, has now slipped below its trigger line, signalling fading upward momentum and possibility of a pause."
"LME Copper is near a steeper ascending trend line; a short‑term consolidation cannot be ruled out within limits of recent pivot low near 12300 and 13400. A cross above 13400 would confirm the next leg of the uptrend."
Disclaimer: For information purposes only. Past performance is not indicative of future results.
Recommended Articles
Solana (SOL) price enters April 2026 under pressure. March is closing at roughly -0.88%, extending a red streak that now stretches six consecutive months since October 2025.A head-and-shoulders breakd
Onchain stablecoin volume will hit $33 trillion in 2026. That’s the headline figure from a Ripple flyer at XRP Tokyo 2026.The major XRPL conference takes place on April 7 in Japan. The message to fint
NVIDIA (NASDAQ: NVDA) stock price trades at $177.64 on the 2-day chart, up 5.31% over the past days but still down 6% year-to-date. April sits at a unique inflection for the stock. The Iran conflict c
Bitcoin’s active address momentum has sunk to its weakest point since April 2018, even as a separate index tracking overall network health has crossed into what analysts call a bull phase for
XRP keeps quantum risk very low, with only 0.03% of supply exposed, and most accounts are still protected.
Related Instrument
