False breakout on copper?

On the daily chart of the May contract for copper we can see that the commodity has tried to break above the 200 day exponential moving average, around the 225.78 level, but it has not been able to confirm such a breakout yet. Copper has also tried to break the 228.00 to the upside, but what it has done is left relatively long shadows above that level. However, if the price breaks above that zone and continues rallying, then copper could reach the 234.00 level. To the downside, if the price bounces from this zone down, then the 215.00 level could act as support.