- Major support -2.030
- Copper has retreated after making a high of 2.142. It is currently trading around 2.079.
- The commodity has broken minor support around 2.090 and declined till 2.076. Overall weakness can be seen only below 2.030 level.
- On the higher side major resistance is around 2.140 and break above targets 2.195/2.2650 level.
- The commodity is facing major support around 2.040 and break below will drag the commodity further down till 2.025/2.000.
It is good to buy at dips around 2.065-70 with SL around 2.030 for the TP of 2.195/2.265
The material has been provided by InstaForex Company – www.instaforex.com