Copper Beaks Major Resistance Around 2.145, Targets 2.300

  • Pattern – Ascending triangle pattern
  • Copper broken major resistance 2.1420 and jumped till 2.147. It is currently trading around 2.134.
  • The break of 2.142 confirms minor trend reversal, a jump till 2.3050 is possible
  • The commodity is facing major support around 2.075 and break below will drag the commodity further down till 2.030/2.

It is good to buy at dips around 2.125-30 with SL around 2.070 for the TP of 2.265/2.305

The material has been provided by InstaForex Company –