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
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
