Copper December surges about 1.3% towards the daily and weekly higher extreme of the current balanced price range of 2.8 and 3.1 in the European trading session. The previous week closed with the inside week pattern, therefore sellers might absorb buyers around the mentioned extreme while the hourly rose above the previous week’s swing highs to find new possible sellers.

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The market trending higher since about seven months and found support off the HTF EMAs on the monthly periodicity, targeting the 3.2 price handle while this Quarter found buyers around the EMA50, testing the higher back from the second Quarter of 2019. To be noted is the inside Quarter break higher which might be viewed by traders as bullish.

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Awaiting rotational behavior on the lower and intra-day periodicities to conclude possible bearish pullback scenarios around the mentioned higher balance extremes for now.