06/18/2026
LME Copper Technical Analysis – June 18, 2026
LME copper continues to show indecisiveness, trading within the range of a potential symmetrical triangle. A second touch of the upper trendline around $13,910 is still needed to confirm the formation, but today's small decline suggests prices may fall short of getting there.
Prices held the $13,688 smaller than wave target and 20-day moving average on a closing basis, but the odds lean toward testing $13,596 and possibly key support at $13,475 in the near term. Closing below $13,475 opens the way for $13,228. On the upside, settling above $13,815 would call for a push to the upper trendline and the $13,951 smaller than target — and settling above that confirms a breakout with $14,105 and higher in play.
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