a triangular break out needed. CLOSE ABOVE 131 can lead it to 180 support at 119.5 -112.5
moving in a channel, took support at 125.5, above 147 it shall head for 230-250 in next 5-6 months. support at 125.5 - 110 on wcb.
above 110 it will re-enter bullish/supply zone for a a target of 190 in next 5-6 months. support at 100.5 . should not fall below 96.8 on wcb.
strong support at 50. above 55 it shall touch 62 in next 4-5 weeks. above 63 targets 83 by november & 105 by december. till now lower support line is maintained.
last leg of correction is over with copper price recovering this will recover too. upward confirmation only above 129. the more the correction the sharper will be the recovery
the last leg of correction should be over with its touch and go of 4.02 level. now it has to move fast to close above 4.19 soon to show sign of strength. upward movement confirmation only above 4.36. how many times we did see huge move in a script when such sharpening triangular move were there?
below 684 it has support at 615 below that can test 520. need to stay above 685 for higher levels
head & shoulder break out above 495 can lead it towards 1000+ zone in next 6 months
triangular break out above 4.6275 can lead to 5.42 level in next 8-10 weeks
high chances that it will touch 800 in next 8 - 10 weeks if doesn't fall below 552 on wcb.
break out happened at 110.5 on mcb. then again retested the same & now shall move up for next target of 321
probably head & shoulder in making on multi year time frame. need to stay above 5.4. support at 4.35. target 13.5 in next 1 year.
if support 7.75 holds on wcb above 8.5 targets are 10.25 - 11.45 - 12.7
head & shoulder break out above 4.43 can take out new high this time
it took support at 43. above 50 targets are 86 - 105 support at 43.3 - 36.75
above 57.65 target 69 - 82 -92 support at 53.55 - 46.45 - 39.7
probably head & shoulder in making if doesn't go below 192. If continue to stay above 230 on wcb targets 338 - 415 - 495
MIGHT CONSOLIDATE TO COOL OFF RSI. below 310 next support is 270. if it stays above 321 can touch 500 in next 6 months.