Will copper continue rallying?

On the daily chart of copper we can see that the commodity had a very good rally last week and the price came to visit the 200 month EMA at the 329.46 level once more. The 200 month EMA has been acting as a good support for copper and that is why there is no surprise in the current pullback. However, the price of copper has found a good support around the 325.00 level. In case of another visit to the 200 month EMA, copper may break above that level and continue rallying. On the other hand, if the price breaks below the 321.74 level, then it would have the road clear to fall to the 314.00 level. Below the 314.00 level, the 55 day EMA may act as support, but the most important support zone is at the 304.00 level and the 301.00 level.