Navigation
”crude

17 Aug 2015 Technical Chart Copper Battle continues


COMEX copper had formed a complex pullback, which had faced resistance near the 61.8% retracement of the entire previous fall ($3.294-2.419). From the key Fibonacci level the red metal resumed its larger downtrend. The fall is breaking up into lower degree waves. The price has fallen towards a crucial multi-month trendline, which is near $2.328. Once that breaks on closing basis copper can tumble down till $2.24. On the other hand, the swing high of $2.429 will act as a key resistance.
Share

Shubhlaxmi

Shubhlaxmi Commodity is a Free portal where you are provided all market such as Commodity stocks futures and Currency Like USD To INR and internatinol live market prices and live charts and Free support and resistance level

Post A Comment: