Copper Shows Moderate GainsCopperOANDA:XCUUSDNouzTraderMarket Structure: The price has just successfully made a Change of Character (ChoCH) upward after previously being held at a low of around 5.63711. The breakout of the previous Lower High confirms that market control is shifting from sellers to buyers. We can see a series of impulsive bullish candles pointing upwards. The price has also just created a local Break of Structure (BOS), indicating a strengthening short-term uptrend. Supply & Demand Zones: ⚡Resistance/Supply: The nearest upside target is at 5.97820. This is a historical supply area where the price previously experienced sharp rejection. ⚡Support/Demand: The area around 5.74000 - 5.76000 is now the new demand zone (the former resistance level was broken). ⚡Indicator (RSI): The RSI is at 75.83, indicating it has entered overbought territory. This indicates the potential for a technical correction or consolidation before the price continues its upward movement.