Thursday 28 November 2019

Copper Dec Daily Chart Has Formed "Rectangle chart" Pattern

Copper Dec daily chart has formed "Rectangle chart" pattern. The last few sessions been in sideways trend along with some corrections inside the channel. 

The market is expected to continue on bearish momentum based on the current price action, once the same breaks below a key support holding at 434. 

The downside rally could be testing all the way through 430-426 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish once again. The upside rally could test up to 440 level. Key resistance holds at 440.

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