Copper Futures Maintain Bullish Elliott Wave Structure, More Upside Expected

Copper futures continue to exhibit a bullish Elliott Wave setup, with price holding within an incomplete five-wave advance from the 6.2820 low. The current rally remains constructive, indicating that buying pressure is intact.

Market structure suggests the upswing is still unfolding, with no clear completion of the three-wave corrective pattern. This keeps the near-term bias tilted to the upside.

Traders are watching for continuation of the trend as long as the key support near the starting low holds.