Linda Raschke: Copper needs range expansion to confirm upside breakout

Linda Raschke: Copper needs range expansion to confirm upside breakout
Copper may need range expansion for breakout

Linda Raschke, founder at LBR Asset Management, notes that copper (symbol HG) requires a range expansion to confirm an upside breakout from a three-bar balance.

Raschke adds that if this condition is met, daily swing momentum could shift back upward.

Raschke has previously described how copper often begins significant price moves during the Asia evening trading session. In a separate note, she observed that IBM was set to open near $232, indicating a potential major technical pattern. Her recent comments add to a series of technical observations on both commodity and equity markets.

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