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FxWirePro: Copper faces strong support around 2.39, good to buy at dips

  • Copper has made a low of 2.042 and recovered from that level. It is currently trading around 2.073
     
  • It has also broken minor trend line resistance 2.066 (trend line joining 2.133 and 2.112) jumped till 2.073.
     
  • On the lower side it is facing support around 2.039 (Nov 25th low) and break below targets 2.020/2.00.
     
  • The minor resistance is around 2.066 and break above will 2.102/2.130/2.170.

It is good to buy at dips around 2.065 with SL around 2.039 for the TP of 2.102/2.130.

 

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