Will copper go back to its bullish trend?

Even though the markets in China have been pulling back a little bit, copper tries to go back to its bullish trend. Copper and the Chinese economy have a positive correlation due to the fact that China is the largest consumer of copper in the world. On the daily chart of copper we can see that during its latest drop, the price came to the 307.00 level where we can find the 55 day EMA and from where it bounces to the upside. During this week, the price of copper has been gaining some ground and breaks above the bearish trendline. Copper may be trying to change its direction to the upside. The stochastics indicator also breaks above its bearish trendline but accelerates too rapidly to the overbought zone on the 80% level. Therefore, the price of copper may try to correct to the downside. On the other hand, if the price continues to rise, its closest resistance is at the 325.86 level, but a more important resistance is at the 330.66 level where we can find the 200 month exponential moving average.