Thursday, October 15, 2026

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FxWirePro: Copper faces strong support around 2.39, good to buy at dips

Copper has made a low of 2.042 and recovered from that level. It is currently trading around 2.073 It has also broken minor trend line resistance 2.066 (trend line joining 2.133 and 2.112) jumped till 2.073. On the lower…

By Lis Howell
1 min read
FxWirePro: Copper faces strong support around 2.39, good to buy at dips
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  • Copper has made a low of 2.042 and recovered from that level. It is currently trading around 2.073
     
  • It has also broken minor trend line resistance 2.066 (trend line joining 2.133 and 2.112) jumped till 2.073.
     
  • On the lower side it is facing support around 2.039 (Nov 25th low) and break below targets 2.020/2.00.
     
  • The minor resistance is around 2.066 and break above will 2.102/2.130/2.170.

It is good to buy at dips around 2.065 with SL around 2.039 for the TP of 2.102/2.130.

 

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By FxWirePro Team