US copper - price recovery in sight -- quick 10%?

Seasonality

The price of copper has been sold off massively since the rapid increase in May. However, there are now clear long opportunities that I will target. One reason for this is the extremely strong seasonality, which should continue from now until the end of July. The price increase, due to seasonality alone, is the second strongest of the entire year!

Chart technical outlook

In connection with the current price trend of US copper, there are certainly profitable price opportunities on the upside. US copper hit the resistance area of USD 4.43 today. If this resistance cluster can be leveraged upwards in the form of the resistance zone, the IKH cloud and the rainbow indicator, the path is clear. In the first run, the price should be able to run up to the first liquidity zone of around USD 4.68. As a bonus target, after a short consolidation, I consider the area around USD 4.83 to be achievable. From a CRV perspective, this would result in a very profitable and at the same time probable scenario that I would like to implement.

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