Thursday, October 15, 2026

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FxWirePro: Copper forms ascending triangle, good to buy at dips

Pattern formed - Descending triangle Major resistance -2.135 Copper once again recovered after making a low of 2.035. Overall trend is still bullish as long as support 2.040 holds. On the higher side major resistance is …

By Lis Howell
1 min read
FxWirePro: Copper forms ascending triangle, good to buy at dips
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  • Pattern formed - Descending triangle
     
  • Major resistance -2.135
     
  • Copper once again recovered after making a low of 2.035. Overall trend is still bullish as long as support 2.040 holds.
     
  • 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 2.040 for the TP of 2.130/2.195/2.265.

 

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