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![](https://www.pinterest.com/pin/create/button/?url=https://econotimes.com/FxWirePro-Bullish-Gartley-formed-on-Copper-dailies-good-to-buy-dips-213506/&media=https://f1.econotimes.com/2016/05/c3b559v9kg.png&description=FxWirePro: "Bullish Gartley" formed on Copper dailies, good to buy dips - EconoTimes)
- Copper is extending bounce off multi-month lows (not seen since Feb 15th) at 2.037 hit on May 19th.
- Bullish Gartley Pattern on daily charts.
- Techs also support upside, Stochs and RSI have rolled over from oversold region and are biased higher.
- MACD line has shown a bullish crossover on signal line.
- 21-DMA at 2.1230 is immediate resistance on the upside. Break above to see next hurdle at 2.138 (38.2% Fib).
- Supports on the downside are seen at 2.077 (converged 5&10 DMAs), 2.037 (May 19th lows) and 2.030 (trendline).
Recommendation: Buy dips around 2.10, SL: 2.077, TP: 2.123/2.138/2.169
