Yulia Slavina

Copper trades above $6.60 after breakout, Afzal Lokhandwala notes

Copper trades above $6.60 after breakout, Afzal Lokhandwala notes
Copper reaches new lifetime highs

Afzal Lokhandwala, market commentator, trader at FinTwit / Social Media, reiterated a bullish stance on copper after its price climbed from $5.94 on February 4 to $6.68, reaching new lifetime highs.

He points to a successful breakout and sustained momentum in the monthly chart, highlighting the rapid appreciation in copper prices since early February.

Lokhandwala has previously highlighted stock-specific gains, noting a 21 percent rise in MU after an April 22 entry in recent coverage. He also tracked breakout patterns in Indian equities, specifically in the Nifty Pharma index following a period of consolidation. The updates reinforce his focus on identifying technical momentum across assets.

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