Friday 13 December 2019

Copper Dec Daily Chart Has Formed "Falling Channel" Pattern

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

The market is expected to continue on bullish momentum based on the current price action, once the same breaks above a key resistance holding at 443. 

The upside rally could be testing all the way through 447-450 levels in the upcoming sessions. Alternatively, if the key resistance holds strong then the market might retest the same and turn bearish once again. The downside rally could test up to 434 level. Key support holds at 434.

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