Copper

Technical outlook

Copper 4hr chart has formed “Ascending broadening wedge” pattern. The last few sessions been in bullish trend but also consolidated near the channel’s support slope line. The market is expected to continue on bullish momentum based on the current price action, once the same breaks above a key resistance holding at 460. The upside rally could be testing all the way through 464-468 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 up to 450-445 levels. Key support holds at 445.

Research Report call:

To View subscribe OR become a registered client

Technical outlook

Copper 4hr chart has formed “Ascending broadening wedge” pattern. The last few sessions been in bullish trend but also consolidated near the channel’s support slope line. The market is expected to continue on bullish momentum based on the current price action, once the same breaks above a key resistance holding at 454. The upside rally could be testing all the way through 458-462 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 up to 445-440 levels. Key support holds at 440.

Research Report call:

Technical outlook

Copper 4hr chart has formed “Ascending broadening wedge” pattern. The last few sessions been in bullish trend but also consolidated near the channel’s support slope line. The market is expected to continue on bullish momentum based on the current price action, once the same breaks above a key resistance holding at 450. The upside rally could be testing all the way through 454-458 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 up to 445-440 levels. Key support holds at 440.

Research Report call:

Technical outlook

Copper 4hr chart has formed “Ascending broadening wedge” pattern. The last few sessions been in bullish trend but also consolidated near the channel’s support slope line. The market is expected to continue on bullish momentum based on the current price action, once the same breaks above a key resistance holding at 443. The upside rally could be testing all the way through 448-452 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 up to 438-433 levels. Key support holds at 433.

Research Report call:

Technical outlook

Copper 4hr chart has formed “Ascending broadening wedge” pattern. The last few sessions been in bullish trend but also consolidated near the channel’s support slope line. The market is expected to continue on bullish momentum based on the current price action, testing all the way through 440 and furthermore levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 433 then it might turn bearish once again. The downside rally could test up to 430-425 levels. Key resistance holds at 440.

Research Report call:

Technical outlook

Copper 4hr chart has formed “Ascending broadening wedge” pattern. The last session been in bullish trend after few negative rallies inside the channel. The market is expected to continue on bullish momentum based on the current price action, testing all the way through 440 and furthermore levels in the upcoming sessions. Alternatively, if the market breaks below a key support holding at 433 then it might turn bearish once again. The downside rally could test up to 430-425 levels. Key resistance holds at 440.

Research Report call:

Technical outlook

Copper daily chart has formed “Right angled descending broadening wedge” pattern. The last few sessions been in bearish trend along with some corrections inside the channel. The market is expected to continue on bearish momentum based on the current price action, once the same breaks below a key support holding at 430. The downside rally could be testing all the way through 426-422 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 up to 436-440 levels. Key resistance holds at 440.

Research Report call:

Technical outlook

Copper daily chart has formed “Right angled descending broadening wedge” pattern. The last few sessions been in bearish trend along with some corrections inside the channel. The market is expected to continue on bearish momentum based on the current price action, once the same breaks below a key support holding at 437. The downside rally could be testing all the way through 432-428 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 up to 445-450 levels. Key resistance holds at 450.

Research Report call:

Technical outlook

Copper daily chart has formed “Right angled descending broadening wedge” pattern. The last few sessions been in bearish trend along with some corrections inside the channel. The market is expected to continue on bearish momentum based on the current price action, once the same breaks below a key support holding at 440. The downside rally could be testing all the way through 436-432 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 up to 446-450 levels. Key resistance holds at 450.

Research Report call:

Technical outlook

Copper daily chart has formed “Right angled descending broadening wedge” pattern. The last session been in bearish trend after few positive rallies inside the channel. The market is expected to continue on bearish momentum based on the current price action, once the same breaks below a key support holding at 444. The downside rally could be testing all the way through 440-435 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 up to 448-452 levels. Key resistance holds at 452.

Research Report call: