A month-end close above 6,546 would be very bullish for Copper, says James Dima, technical analyst at Marex Spectron.

Looking at a monthly Chart of LME Copper, Dima notes how the price is close to its 20-month moving average, currently at 6,546 (red line). He advises monitoring for a month-end close (28 February) above this level as such moves tend to unlock longer-term technical buying.

See Chart.