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Copper beaks major resistance around 2.145, targets 2.300

Wednesday, December 30, 2015 12:06 PM UTC

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

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Copper beaks major resistance around 2.145, targets 2.300

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