Copper At a crucial juncture

Copper found resistance at the upper end of the Downward Sloping Channel and has seen a sharp fall thereafter. It is hovering around the medium-term support line. The bulls are likely to gain momentum if it manages to sustain above 2.55. On the upside, 2.57- 2.60 will act as a resistance in the near term. On the way down, the bears will be back in action if it closes below 2.49. It can drift lower towards 2.47-2.44, if it closes below 2.49. The momentum indicator has turned negative.


Shubhlaxmi Commodity is a Free portal where you are provided with all market such as Commodity stock and futures and live market prices and live charts and Free support and resistance level

Post A Comment: