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FxWirePro: Copper faces strong support around 2.05, good to buy at dips

  • Copper has broken trend line resistance 2.056 and jumped till 2.0820. It is currently trading around 2.054.
     
  • On the lower side it is facing support around 2.050 (Cloud bottom) and break below targets 2.020/2.00.
     
  • The minor resistance is around 2.073 (trend line joining 2.082 and 2.076) and break above will 2.102/2.128/2.170.

It is good to buy at dips around 2.055-058 with SL around 2.020 for the TP of 2.102/2.130.

 

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