- Major intraday support -2.090 (55 day 4 H EMA)
- Copper has major resistance 2.135 and jumped till 2.141. It is currently trading around 2.125
- The commodity has declined till 2.100 yesterday and slightly recovering from that level. Intraday weakness can be seen only below 2.090 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 2.120 with SL around 2.090 for the TP of 2.195/2.265
The material has been provided by InstaForex Company – www.instaforex.com