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FxWirePro: Copper faces strong resistance around 2.135, good to buy at dips

Major support -2.035 Copper has recovered till 2.120 after making a low of 2.033. It is currently trading around 2.112 The commodity has formed temporary bottom around 2.030 and any further weakness only below that level…

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FxWirePro: Copper faces strong resistance around 2.135, good to buy at dips
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  • Major support -2.035
     
  • Copper has recovered till 2.120 after making a low of 2.033. It is currently trading around 2.112
     
  • The commodity has formed temporary bottom around 2.030 and any further weakness only below that level.
     
  • On the higher side major resistance is around 2.135 and break above targets 2.195/2.2650 level.
     
  • The commodity is facing 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 2.035 for the TP of 2.130/2.195/2.265

 

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