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if the lower line is respected, a breakout above the falling wedge might lead to huge movement
support at 4.39-4.27 target 4.49-4.58-4.72-5.11
interesting / deciding week for copper. will decide its near term trend.
need to close above 4.27
breakout is maximum 2 weeks.
breakout is near
still inside the channel
shall stay above 4.49 to obtain new high
need to break out of the channel
falling wedge shall ensure a conservative target of 214 in short term. a close above 153 needed for the upmove. trigger is close above 161
It is lying at lower line of the channel. hopefully stay in it & touch 5.16 in next few weeks
Buy Copper At Cmp 4.1235
SL - 3.9880
Target - 4.32
Daily basis close above 475 will only make it bullish. Or it may hover between Demand and Supply Zone.
Copper (XCUUSD) long setup
Shivaratri special trade with Shiva's ardha chandra (crescent moon)
Buy Copper between 3.105-3.120