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- Major support -2.035
- Copper has recovered after making a low of 2.033 and recovered from that level. It is currently trading around 2.097.
- The commodity has declined after rate hike but the weakness is capped around 2.035 which is acting as major support
- On the higher side major resistance is around 2.135 and break above targets 2.195/2.2650 level.
- The commodity is facing 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 2.035 for the TP of 2.130/2.195/2.265
