Copper

Technical outlook

Copper daily chart has formed “Megaphone chart” pattern. The last few sessions been in bullish trend and consolidated after retesting an interim trend line inside the channel. The market is expected to continue on bullish momentum, testing all the way through 451-455 levels in the upcoming sessions. Alternatively, if the market breaks below the key support zone holding at 445, then it might turn bearish once again. The downside rally could test 440 levels. Key resistance holds at 455.

Research Report call:

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Technical outlook

Copper daily chart has formed “Megaphone chart” pattern. The last session been in bullish trend and consolidated after few negative rallies inside the channel. The market is expected to continue on bullish momentum, testing all the way through 456-460 levels in the upcoming sessions. Alternatively, if the market breaks below the key support zone holding at 450, then it might turn bearish once again. The downside rally could test 445 levels. Key resistance holds at 460.

Research Report call:

Technical outlook

Copper daily chart has formed “Megaphone chart” pattern. The last few sessions been in bearish trend breaking an interim support trend line inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support holding at 450. The downside rally could be testing all the way through 447-445 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test 460 levels. Key resistance holds at 460.

Research Report call:

Technical outlook

Copper daily chart has formed “Megaphone chart” pattern. The last session been in bearish trend retesting an interim support trend line inside the channel. The market is expected to continue on bullish momentum by retesting the same, testing all the way through 460-465 levels in the upcoming sessions. Alternatively, if the market breaks below the key support zone holding at 455 then it might continue on bearish momentum. The downside rally could test 450 levels. Key resistance holds at 465.

Research Report call:

Technical outlook

Copper daily chart has formed “Megaphone chart” pattern. The last few sessions been in bullish trend after retesting an interim support trend line inside the channel. The market is expected to continue on bullish momentum, once the same breaks above a key resistance zone holding at 462. The upside rally could be testing all the way through 465-470 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test 452 levels. Key resistance holds at 452.

Research Report call:

Technical outlook

Copper daily chart has formed “Megaphone chart” pattern. The last session been in bullish trend after retesting an interim support trend line inside the channel. The market is expected to continue on bullish momentum, once the same breaks above a key resistance zone holding at 461. The upside rally could be testing all the way through 463-465 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test 452 levels. Key resistance holds at 452.

Research Report call:

Technical outlook

Copper daily chart has formed “Megaphone chart” pattern. The last session been in bearish trend, after few positive rallies inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support zone holding at 456. The downside rally could be testing all the way through 454-452 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test 465 levels. Key resistance holds at 465.

Research Report call:

Technical outlook

Copper daily chart has formed “Megaphone chart” pattern. The last few sessions been in bullish trend, retesting near an interim trend line inside the channel. The market is expected to continue on bullish momentum, once the same breaks above a key resistance zone holding at 465. The upside rally could be testing all the way through 468-470 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 455 levels. Key support holds at 455.

Research Report call:

Technical outlook

Copper daily chart has formed “Megaphone chart” pattern. The last few sessions been in bullish trend, retesting near an interim trend line inside the channel. The market is expected to continue on bullish momentum, testing all the way through 460-465 levels in the upcoming sessions. Alternatively, if the market breaks below a key support zone holding at 452 then it might turn bearish. The downside rally could test 448 levels. Key resistance holds at 465.

Research Report call:

Technical outlook

Copper daily chart has formed “Megaphone chart” pattern. The last session been in consolidation near a key support zone inside the channel. The market is expected to continue on bearish momentum, once the same breaks below a key support zone holding at 455. The downside rally could be testing all the way through 450-446 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. The upside rally could test 465 levels. Key resistance holds at 465.

Research Report call: