Thursday, October 15, 2026

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FxWirePro: Copper faces strong support around 2.05, good to buy at dips

Copper has broken trend line resistance 2.056 and jumped till 2.0820. It is currently trading around 2.054. On the lower side it is facing support around 2.050 (Cloud bottom) and break below targets 2.020/2.00. The minor…

By Lis Howell
1 min read
FxWirePro: Copper faces strong support around 2.05, good to buy at dips
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  • Copper has broken trend line resistance 2.056 and jumped till 2.0820. It is currently trading around 2.054.
     
  • On the lower side it is facing support around 2.050 (Cloud bottom) and break below targets 2.020/2.00.
     
  • The minor resistance is around 2.073 (trend line joining 2.082 and 2.076) and break above will 2.102/2.128/2.170.

It is good to buy at dips around 2.055-058 with SL around 2.020 for the TP of 2.102/2.130.

 

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By FxWirePro Team