Retest of the breakout area

I am pretty bullish about copper in the medium to long-term. This weekly chart shows a strong breakout move above the prior resistance at $2.72. The price extension has faltered around the 1.27% Fib extension however and I think for a sustained larger long term move we now need to see this succesfully backtest the breakout area / 200 weekly moving average to consolidate the support at that level.

Seasonally the price history supports strong gains during July and some give back of those during August.