Southern Copper: Eying Further GainsSouthern Copper CorporationNYSE:SCCOHKCM_GlobalAt this stage, we expect the upward move to continue in the near term, leaving further room for upside action. After that, we anticipate a significant pullback, which should bring price back toward support at $120.08. Alternatively, it’s possible that a high was already set at the end of January, with price now set to move directly lower toward support at $70.57. For this scenario to play out, SCCO would need to break below support at $120.08 in the near term (probability: 38%).