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Technical Forecast for Copper

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Technical Forecast for Copper

 


Copper edged back up towards Thursday’s high at 3.3685. Above here we meet resistance from recent highs at 3.3767/3800. A visit here today offers a selling opportunity with stops above 3.9000.


 


Look for support at 3.2989/2950. A low for the day is expect but failure here sees a retest of last week’s low at 3.2870/840.

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Posted-In: Technicals Commodities Markets Trading Ideas

 

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