Copper

Technical outlook

Copper daily chart has formed “Ascending broadening wedge” pattern. The last session ended up bearish in trend as the prices have broken out the channel’s support slope line. The market is expected to continue on the bearish term, testing all the way through 452-450 levels in the upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 460 then it might turn to overall bullish once again. Key support holds at 450.

Research Report call:

Technical outlook

Copper daily chart has formed “Ascending broadening wedge” pattern. The last session ended up as “Bullish reversal spinning top” near the channel’s support slope line. The market is expected to continue on the bullish trend, testing all the way through 460-464-468 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 455 then it might turn to overall bearish. Key resistance holds at 468.

Research Report call:

Technical outlook

Copper daily chart has formed “Ascending broadening wedge” pattern. The last few sessions ended up strongly bearish in trend near the channel’s support slope line. The market is expected to continue on the bearish trend, once the same breaks below a key support holding at 456. The downside rally could test all the way through 453-450 levels in the upcoming sessions. Alternatively, if the support holds strong then the market might retest the same and turn bullish. The upside rally could test 458-462 levels. Key resistance holds at 462.

Research Report call:

Technical outlook

Copper daily chart has formed “Ascending broadening wedge pattern” The last session prices holding previous resistance become support at 465. The market is expected to continue on the bearish trend, once the same breaks below a previous resistance which has now become support at 465. The downside rally could test all the way through 463-459 levels in the upcoming sessions. Alternatively, if the support holds strong then the market might retest the same and turn bullish. The upside rally could test 470-476 levels. Key resistance holds at 476

Research Report call:

Technical outlook

Copper daily chart has formed “Rising wedge” pattern. The last session ended up strongly bearish in trend inside the channel. The market is expected to continue on the bearish trend, once the same breaks below a previous resistance which has now become support at 472. The downside rally could test all the way through 470-465 levels in the upcoming sessions. Alternatively, if the support holds strong then the market might retest the same and turn bullish. The upside rally could test 475-482 levels. Key resistance holds at 482.

Research Report call:

Technical outlook

Copper 4hr chart has formed “Bullish pennant” pattern. The last session ended up retesting near the pennant’s support slope line. The market is expected to continue on a bullish momentum, testing all the way through 484-490 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 480 then it might turn to bearish once again. The downside rally could test 478-475 levels. Key resistance holds at 490.

Research Report call:

Technical outlook

Copper 4hr chart has formed “Bullish Flag chart” pattern. The last session ended up retesting near the flag’s support slope line. The market is expected to continue on a bullish momentum, testing all the way through 488-490 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 482 then it might turn to bearish once again. The downside rally could test 478-475 levels. Key resistance holds at 490.

Research Report call:

Technical outlook

Copper hourly chart has formed “Falling wedge” pattern. The last session ended up retesting near the channel’s resistance slope line. The market is expected to continue on a bearish momentum, testing all the way through 482-480 levels in the upcoming sessions. Alternatively, if the market breaks above a key resistance holding at 488 then it might turn to overall bullish once again. The upside rally could test 490-492 levels. Key support holds at 480.

Research Report call:

Technical outlook

Copper hourly chart has formed “Rising channel” pattern. The last session ended up bearish in trend as the prices have broken out the channel’s support slope line. The market is expected to continue on the same trend, once the same breaks below a key support holding at 483. The downside rally could test all the way through 480-478 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 487-492 levels. Key resistance holds at 492.

Research Report call:

Technical outlook

Copper daily chart has formed “Rising wedge” pattern. The last session ended up bullish in trend inside the channel. The market is expected to continue on bullish term, testing all the way through 500-510 levels in the upcoming sessions.  Alternatively, if the market breaks below a key support holding at 480 then it might turn bearish once again. Key resistance holds at 510.

Research Report call:

Technical outlook

Copper daily chart has formed “Rising channel” pattern. The last session ended up bearish in trend in a gap up formation as the prices have already broken out the channel’s resistance slope line itself. The market is expected to continue on bearish term, once the same breaks below a key support holding at 485. The downside rally could test all the way through 480-476 levels in the upcoming sessions.  Alternatively, if the support holds strong then the market might retest the same and turn bullish once again. And this time the upside rally could test 490-495 levels. Key resistance holds at 495.

Research Report call:

Technical outlook

Copper daily chart has formed “Rising channel” pattern. The last few sessions ended up strongly bullish in trend as the prices have broken out the channel’s resistance slope line itself. The market is expected to continue on the same trend, testing all the way through 485-490 levels in the upcoming sessions.  Alternatively, if the market breaks below the key support holding at 473 then it might turn to bearish term. Key resistance holds at 490.

Research Report call:

Technical outlook

Copper daily chart has formed “Rising channel” pattern. The last few sessions ended up strongly bullish in trend near the channel’s resistance slope line. The market is expected to retest the same and turn bearish, testing all the way through 473-469 levels in the upcoming sessions.  Alternatively, if the market breaks above the key resistance holding at 477 then it might continue in bullish term. The upside rally could test 480-485 levels. Key support holds at 469.

Research Report call:

Technical outlook

Copper hourly chart has formed “Bearish megaphone” pattern. The last session ended up bullish in trend as the prices have broken out the channel’s resistance slope line. The market is expected to continue on a bullish momentum, once the same breaks above a key resistance holding at 466. The upside rally could test all the way through 468-470 levels in the upcoming sessions.  Alternatively, if the resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 464-462 levels. Key support holds at 462.

Research Report call:

Technical outlook

Copper 4hr chart has formed “Descending broadening wedge” pattern. The last session ended up bullish in trend near the channel’s resistance slope line. The market is expected to continue on a bullish momentum, once the same breaks above a key resistance holding at 460. The upside rally could test all the way through 462-465 levels in the upcoming sessions.  Alternatively, if the resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 456-454 levels. Key support holds at 454.

Research Report call:

Technical outlook

Copper hourly chart has formed “Falling wedge” pattern. The last sessions ended up consolidated inside the channel. The market is expected to continue on a bullish momentum, testing all the way through 458-459.50 levels in the upcoming sessions.  Once the same reaches high enough to retest the pattern’s resistance slope line, then it might turn bearish once again. The downside rally could test 458-456 levels. Alternatively, if the market breaks below the key support holding at 456 then it might turn to overall bearish term. Key resistance holds at 459.50.

Research Report call:

Technical outlook

Copper hourly chart has formed “Falling wedge” pattern. The last sessions ended up bullish in trend after retesting near the channel’s support slope line. The market is expected to continue on a bullish momentum, testing all the way through 460-462 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 456 then it might turn bearish. Key resistance holds at 462.

Research Report call:

Technical outlook

Copper hourly chart has formed “Bearish megaphone” pattern. The last sessions ended up bearish in trend after retesting near the channel’s resistance slope line. The market is expected to continue on a bearish momentum, once the same breaks below the key support holding at 460. The downside rally could test all the way through 458-454 levels in the upcoming sessions. Alternatively, if the support holds strong then the market might retest the same and turn bullish once again. The upside rally could test 462-466 levels. Key resistance holds at 466.

Research Report call:

Technical outlook

Copper hourly chart has formed “Rising channel” pattern. The last sessions ended up bullish in trend after retesting near the channel’s support slope line. The market is expected to continue on a bullish momentum, once the same breaks above the key resistance holding at 460. The downside rally could test all the way through 463-465 levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 457-444 levels. Key resistance holds at 444.

Research Report call:

Technical outlook

Copper daily chart has formed “Rising wedge” pattern. The last sessions ended up bearish in trend near the channel’s support slope line. The market is expected to continue on a bearish momentum, once the same breaks below the key support holding at 460. The downside rally could test all the way through 458-456 levels in the upcoming sessions. Alternatively, if the support holds strong then the market might retest the same and turn bullish. The upside rally could test 463-465 levels. Key resistance holds at 465.

Research Report call:

Technical outlook

Copper hourly chart has formed “Rising wedge” pattern. The last sessions ended up bullish in trend after retesting the channel’s support slope line. The market is expected to continue on a bullish momentum, once the same breaks above the key resistance holding at 470. The upside rally could test all the way through 472-474 levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 466-464 levels. Key support holds at 464.

Research Report call:

Technical outlook

Copper daily chart has formed “Rising wedge” pattern. The last session ended up strongly bearish in trend near the channel’s support slope line. The market is expected to continue in bearish momentum, once the same breaks below the key support holding at 462.50. The downside rally could test all the way through 460-455 levels in the upcoming sessions. Alternatively, if the support holds strong then the market might retest the same and turn bullish. The upside rally could test 466-468 levels. Key resistance holds at 472.50.

Research Report call:

Technical outlook

Copper daily chart has formed “Ascending broadening wedge” pattern. The last session ended up strongly bullish in trend, setting a new high after retesting the channel’s support slope line. The market is expected to continue in bullish momentum, testing all the way through 475-480 levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 468 then it might turn bearish once again. The downside rally could test 467-465 levels. Key support holds at 465.

Research Report call:

Technical outlook

Copper daily chart has formed “Ascending broadening wedge” pattern along with a long term “Rectangle chart” pattern. The last session ended up strongly bullish in trend after retesting the channel’s support slope line. The market is expected to continue in bullish momentum, once the same breaks above a strong resistance holding at 470. The upside rally could test all the way through 475-480 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 465-460-455 levels. Key support holds at 455.

Research Report call:

Technical outlook

Copper daily chart has formed “Ascending broadening wedge” pattern along with a long term “Rectangle chart” pattern. The last session ended up bearish in trend retesting the channel’s support slope line. The market is expected to continue in bullish momentum, once the same breaks above a strong resistance holding at 465. The upside rally could test 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 once again. The downside rally could test 460-455 levels. Key support holds at 455.

Research Report call:

Technical outlook

Copper daily chart has formed “Ascending broadening wedge” pattern along with a long term “Rectangle chart” pattern. The last few sessions ended up bullish in trend after retesting the channel’s support slope line. The market is expected to continue in bullish momentum, once the same breaks above a strong resistance holding at 465. The upside rally could test 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 once again. The downside rally could test 462-460-455 levels. Key support holds at 455.

Research Report call:

Technical outlook

Copper daily chart has formed “Ascending broadening wedge” pattern. The last session ended up retesting the channel’s support slope line. The market is expected to continue in bullish momentum, testing all the way through 464-466 levels in the upcoming sessions. Alternatively, if the market breaks below the key support holding at 459 then it might turn bearish once again. The downside rally could test 457-455 levels. Key resistance holds at 466.

Research Report call:

Technical outlook

Copper daily chart has formed “Ascending broadening wedge” pattern. The last few sessions ended up retesting a key resistance level holding at 465. The market is expected to continue in bullish momentum, once the same breaks above the strong resistance. The upside rally could test 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 once again. The downside rally could test 463-460 levels. Key support holds at 460.

Research Report call:

Technical outlook

Copper daily chart has formed “Ascending broadening wedge” pattern. The last few sessions ended up retesting a key resistance level holding at 465. The market is expected to continue in bullish momentum, once the same breaks above the strong resistance. The upside rally could test 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 once again. The downside rally could test 463-460 levels. Key support holds at 460.

Research Report call:

Technical outlook

Copper daily chart has formed “Rising channel” pattern. The last few sessions ended up bullish in trend after retesting the channel’s support slope line. The market is expected to continue in bullish momentum, once the same breaks above a strong resistance holding at 465.50. The upside rally could test 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 once again. The downside rally could test 464-462 levels. Key support holds at 462.

Research Report call:

Technical outlook

Copper daily chart has formed “Ascending broadening wedge” pattern along with a long term “Rectangle chart” pattern. The last few sessions ended up bullish in trend inside the channel. The market is expected to continue in bullish momentum, once the same breaks above a strong resistance holding at 465. The upside rally could test 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 once again. The downside rally could test 462-460-455 levels. Key support holds at 455.

Research Report call:

Technical outlook

Copper daily chart has formed “Ascending broadening wedge” pattern along with a long term “Rectangle chart” pattern. The last few sessions ended up consolidated but bullish in trend inside the channel. The market is expected to continue in bullish momentum, once the same breaks above a key resistance holding at 459. The upside rally could test all the way through 461-463 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 457-455 levels. Key support holds at 455.

Research Report call:

Technical outlook

Copper daily chart has formed “Ascending broadening wedge” pattern along with a long term “Rectangle chart” pattern. The last few sessions ended up consolidated inside the channel. The market is expected to continue in bearish momentum, once the same breaks below a key support holding at 455. The downside rally could test all the way through 452-450 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 458-460 levels. Key resistance holds at 460.

Research Report call:

Technical outlook

Copper daily chart has formed “Ascending broadening wedge” pattern along with a long term “Rectangle chart” pattern. The last few sessions ended up bullish in trend inside the channel. The market is expected to continue in bullish momentum, testing all the way through 462-465 levels in the upcoming sessions. Alternatively, if the market breaks below the key support holding at 456 then it might turn bearish once again. The downside rally could test 453-450 levels. Key resistance holds at 465.

Research Report call:

Technical outlook

Copper daily chart has formed “Ascending broadening wedge” pattern. The last few sessions ended up bullish in trend inside the channel. The market is expected to retest a key resistance holding at 459 and turn bearish. The downside rally could test all the way through 457-455 levels in the upcoming sessions. Alternatively, if the market breaks above the key resistance then it might continue in bullish momentum. The upside rally could test 462-465 levels. Key support holds at 455.

Research Report call:

Technical outlook

Copper daily chart has formed “Rising channel” pattern along with a long term “Rectangle chart”. The last few sessions ended up bullish as the prices have already broken out the channels support slope line. The market is expected to continue in bullish momentum, once the same breaks above the key resistance holding at 460. The upside rally could test all the way through 462-465 levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test 458-455 levels. Key support holds at 455.

Research Report call:

Technical outlook

Copper daily chart has formed “Rising channel” pattern along with a long term “Rectangle chart”. The last few sessions ended up consolidated as the prices have already broken out the channels support slope line. The market is expected to continue in bullish momentum, once the same breaks above the key resistance holding at 456.50. The upside rally could test all the way through 458-460 levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test 453-450 levels. Key support holds at 450.

Research Report call:

 Technical outlook

Copper 4 H chart has formed “Ascending broadening wedge pattern”. The last session ended nearby support place, currently prices holding inside slope line if break below the support line at 447, Then the market is expected to continue in bearish momentum towards reach 443-440, Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test 454-456 levels. Key resistance holds at 456.

Research Report call:

 Technical outlook
Copper 4 hour chart has formed “Megaphone chart pattern” The last session ended with bearish long candle around resistance area at 348 .The market is expected to continue in pullback to touch 453-455 which is previous support area, Alternatively, the market might be also give a chance on giving a correction over positive momentum. The upside rally could test 453 levels. Key resistance holds at 455 and support at 448.

Research Report call:

 Technical outlook

Copper 4 hour chart has formed “Rising Channel Pattern” The last session ended up retesting the channel’s support slope line 455. The market is expected to continue in pullback to touch 462-463, again testing all the way through 460-454 levels in the upcoming sessions. Alternatively, the market might also give a chance on giving a correction over positive momentum. The upside rally could test 462-465 levels. Key resistance holds at 465 and support at 454.

If break below 454 , then turn positive into negative territory further trading session .

Research Report call:

Technical outlook

Copper hourly chart has formed “Rising wedge” pattern. The last session ended up retesting the channel’s resistance slope line. The market is expected to continue in bearish momentum, testing all the way through 460-454 levels in the upcoming sessions. Alternatively, the market might also give a chance on giving a correction over positive momentum. The upside rally could test 462-465 levels. Key resistance holds at 465 and support at 454.

Research Report call:

Technical outlook

Copper hourly chart has formed “Rising channel” pattern. The last few sessions ended up consolidated after retesting a key resistance holding at 462. The market is expected to continue in bullish momentum, once the same breaks above the key resistance. The upside rally could test all the way through 465-470 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the and turn bearish. The downside rally could test 458-454 levels. Key support holds at 454.

Research Report call:

Technical outlook

Copper hourly chart has formed “Rising channel” pattern. The last few sessions ended up consolidated after retesting a key support holding at 454. The market is expected to continue in bullish momentum, once the same breaks above the key resistance holding at 458. The upside rally could test all the way through 462-465 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the and turn bearish. The downside rally could test 456-454 levels.

Research Report call:

Technical outlook

Copper daily chart has formed “Rising channel” pattern along with a long term “Ascending broadening wedge”. The last few sessions ended up consolidated near an interim resistance slope line inside the channel. The market is expected to continue in bullish momentum, once the same breaks above the key resistance holding at 461. The upside rally could test 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 457-454 levels. Key support holds at 454.

Research Report call:

Technical outlook

Copper daily chart has formed “Rising channel” pattern. The last session ended up bearish in trend breaking an interim resistance slope line inside the channel. The market is expected to continue in bearish momentum, once the same breaks below a key support holding at 455. The downside rally could test all the way through 450-445 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 460-465 levels. Key resistance holds at 465.

Research Report call:

Technical outlook

Copper daily chart has formed “Ascending broadening wedge” pattern. The last session ended up strongly bullish in trend near as interim resistance slope line inside the channel. The market is expected to continue in bullish momentum, once the same breaks above a key resistance holding at 460. The upside rally could test 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. Key support holds at 450.

Research Report call:

Technical outlook

Copper 4hr chart has formed “Rising channel” pattern. The last few sessions ended up consolidated after retesting the channel’s support slope line. The market is expected to continue in bullish momentum, once the same breaks above a key resistance holding at 450. The upside rally could test all the way through 452-454 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 446-443 levels. Key support holds at 443.

Research Report call:

Technical outlook

Copper 4hr chart has formed “Rising channel” pattern. The last session ended up consolidated after retesting the channel’s support slope line. The market is expected to continue in bullish momentum, once the same breaks above a key resistance holding at 450. The upside rally could test all the way through 452-454 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 446-443 levels. Key support holds at 443.

Research Report call:

Technical outlook

Copper daily chart has formed “Rising channel” pattern. The last session ended up retesting near the channel’s support slope line. The market is expected to continue in bearish momentum, once the same breaks below a key support holding at 440. The downside rally could test all the way through 438-435 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 445-448 levels. Key resistance holds at 450.

Research Report call:

Technical outlook

Copper daily chart has formed “Symmetrical triangle” pattern. The last session ended up bearish in trend after retesting the channel’s resistance slope line. The market is expected to continue in bearish momentum, once the same breaks below a key support holding at 440. The downside rally could test all the way through 438-435 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 445-448 levels. Key resistance holds at 450.

Research Report call:

Technical outlook

Copper daily chart has formed “Symmetrical triangle” pattern. The last few sessions ended up bullish in trend after consolidation. The market is expected to continue in bullish momentum, testing all the way through 455-458 levels in the upcoming sessions. Alternatively, if the market breaks below the key support holding at 448 then it might turn bearish. The downside rally could test 446-445 levels. Key resistance holds at 458.

Research Report call:

Technical outlook

Copper daily chart has formed “Descending broadening wedge” pattern along with the “Triple bottom pattern”. The last few sessions ended up bullish in trend after consolidation. The market is expected to continue in bullish momentum, once the same breaks above the key resistance holding at 452. The upside rally could extend all the way through 455-458 levels in the upcoming sessions. Alternatively, if the resistance holds strong then the market might retest the same and turn bearish. The downside rally could test 448-445 levels. Key support holds at 445.

Research Report call:

Technical outlook

Copper daily chart has formed “Descending broadening wedge” pattern. The last session ended up bullish in trend near a key resistance holding at 443. The market indicates a long term bullish momentum, once the same breaks above the key resistance. The upside rally could extend all the way through 448-453 levels in the upcoming sessions. We can also expect a small correction over negative momentum along the way in upcoming weeks. Alternatively, if the market breaks below the major support holding at 425 then it might turn bearish.

Research Report call:

Technical outlook

Copper daily chart has formed “Falling wedge” pattern. The last few sessions ended up consolidated inside the channel. The market indicates a long term bullish momentum, once the same breaks above a key resistance holding at 441. The upside rally could extend all the way through 445-450 levels in the upcoming sessions. We can also expect a small correction over negative momentum along the way in upcoming weeks. Alternatively, if the market breaks below the major support holding at 425 then it might turn bearish.

Research Report call:

Technical outlook

Copper daily chart has formed “Descending broadening wedge” pattern. The last session ended up bullish in trend testing near the channel’s resistance slope line. The market is expected to continue in bullish momentum, once the same breaks above a key resistance holding at 441. The upside rally could extend all the way through 443-445 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 437-434 levels. Key support holds at 434.

Research Report call:

Technical outlook

Copper daily chart has formed “Descending broadening wedge” pattern. The last session been strongly bearish in trend by retesting the channel’s resistance slope line. The market is expected to continue in bearish momentum, once the same breaks below a key support holding at 432. The downside rally could extend all the way through 430-428 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 435-438 levels. Key resistance holds at 438.

Research Report call:

Technical outlook

Copper hourly chart has formed “Descending triangle” pattern. The last session ended up bullish retesting near the channel’s resistance slope line. The market is expected to retest a key resistance holding at 441.50 and turn bearish. The downside rally could test all the way through 438.50-437 levels in the upcoming sessions. Alternatively, if the market breaks above the key resistance then it might continue in bullish momentum. The upside rally could test 443-445 levels. Key support holds at 438.50.

Research Report call:

Technical outlook

Copper daily chart has formed “Descending broadening wedge” pattern. The last session has formed an “Inverse hammer” candlestick pattern which could be read as a trend reversal once. The market is expected to retest a key resistance holding at 442 and turn bearish. The downside rally could test all the way through 438-435 levels in the upcoming sessions. Alternatively, if the market breaks above the key resistance then it might continue in bullish momentum. The upside rally could test 445-447 levels. Major support holds at 425.

Research Report call:

Technical outlook

Copper daily chart has formed “Descending broadening chart” pattern. The last few sessions been bullish in trend after retesting the channel’s support slope line. The market is expected to continue in bullish momentum, once the same breaks above a key resistance holding at 440. The upside rally could test all the way through 443-447 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 436-432.50 levels. Key support holds at 432.50.

Research Report call:

Technical outlook

Copper hourly chart has formed “Falling channel” pattern. The last session ended up consolidated near the channel’s resistance slope line. The market is expected to continue in bearish momentum, once the same breaks below the key support holding at 429.50. The downside rally could test all the way through 428-425.50 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 432-435 levels. Key resistance holds at 435.

Research Report call: