Last time we looked at Copper a couple of weeks ago, we noted that if copper can hold above 2.50, it would likely be able to continue towards 3.00. Copper Daily Chart 1/24(click to enlarge)Bullish Signs on the Daily Chart- On the daily chart, we can see a strong bullish push in November. - Price started to consolidate in December but even after the sideways action, the technical picture is bullish.- Price is holding above the 200-, 100-, and 50-day simple moving averages (SMAs).- The SMAs are also in bullish alignment.- Furthermore, the RSI pushed above 70, even above 80. This showed strong bullish momentum in November.- When the RSI held above 40 in December, it showed maintenance of that bullish momentum.- We should anticipate some selling as price enters this 2.70-2.75 resistance area. - However, as long as price is above 2.60, we should anticipate an eventual break and upside towards the 3.00 mark.