Copper has tested to new highs today however looking at the candle chart it seems to have rejected that move as of now.

The weekly close will be the important one here I note Freeport Mcmoran FCX US are called +0.94% higher in the US pre market.

However they are down over the last the week -2.20%. and below both the 3monthj and 6 month highs, at $49.00 and $49.12 respectively.