Copper

Technical outlook

Copper 4hr chart has formed “Ascending 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 445. The downside rally could be testing all the way through 440-436 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 up to 450-455 level. Key resistance holds at 455.

Research Report call:

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Technical outlook

Copper 4hr chart has formed “Ascending 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 446. The downside rally could be testing all the way through 442-438 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 up to 452-458 level. Key resistance holds at 458.

Research Report call:

 Technical outlook

Copper 4hr chart has formed “Ascending broadening wedge” pattern. The last few sessions been in bullish trend along with some corrections inside the channel. 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 458. The upside rally could be testing all the way through 460-465 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 up to 450-445 level. Key support holds at 445.

Research Report call:

Technical outlook

Copper 4hr chart has formed “Ascending broadening wedge” pattern. The last few sessions been in bullish trend along with some corrections inside the channel. 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 453. The upside rally could be testing all the way through 458-465 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 up to 447-443 level. Key support holds at 443.

Research Report call:

Technical outlook

Copper 4hr chart has formed “Ascending broadening wedge” pattern. The last few sessions been in bullish trend along with some corrections inside the channel. 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 453. The upside rally could be testing all the way through 458-465 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 up to 447-443 level. Key support holds at 443.

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, once the same breaks above a key resistance holding at 454. The upside rally could be testing all the way through 460-465 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 up to 448-443 level. Key support holds at 443.

Research Report call:

Technical outlook

Copper 4hr chart has formed “Ascending 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 435-430 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 up to 445-450 level. Key resistance holds at 450.

Research Report call:

Technical outlook

Copper 4hr chart has formed “Ascending 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 445. 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. The upside rally could test up to 450-455 level. Key resistance holds at 455.

Research Report call:

Technical outlook

Copper 4hr chart has formed “Ascending broadening wedge” pattern. The last session been in bearish trend after a long positive rally 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 448. The downside rally could be testing all the way through 444-440 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 up to 456 level. Key resistance holds at 456.

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, once the same breaks above a key resistance holding at 454. The upside rally could be testing all the way through 460-465 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bullish. The downside rally could test up to 448-442 levels. Key support holds at 442.

Research Report call: