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FxWirePro: Copper faces strong support around 2.030, good to buy at dips

  • Major support -2.030
     
  • Copper has retreated after making a high of 2.142. It is currently trading around 2.079.
     
  • The commodity has broken minor support around 2.090 and declined till 2.076. Overall  weakness can be seen only below 2.030 level.
     
  • On the higher side major resistance is around 2.140 and break above targets 2.195/2.2650 level.
     
  • The commodity is facing major support around 2.040 and break below will drag the commodity further down till 2.025/2.000.

It is good to buy at dips around 2.065-70 with SL around 2.030 for the TP of 2.195/2.265

 

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