Copper (XCU/USD) remains supported after a 17% rally from March lows, driven by improving risk sentiment amid US–Iran ceasefire optimism. Price action is consolidating in a bullish flag pattern, suggesting potential continuation higher. A breakout above 6.0680 may trigger further upside toward 6.29, while downside risks remain if key support at 5.8790 fails. Strong global manufacturing activity continues to underpin demand, reinforcing copper’s constructive outlook.
21-04-2026 10:07 GMT
by Kelvin Wong
