IT NEED ANOTHER 2-3 WEEKS OF CONSOLIDATION BEFORE NEXT JUMP. SUPPORT AT 63-61. ABOVE 67 NEW YEARLY HIGH CAN BE EXPECTED
interesting / deciding week for copper. will decide its near term trend. need to close above 4.27
below 70 it can slip to 63- 59. upward only above weekly closing of 70
A CLOSE ABOVE 217 = ABOVE 21 EMA = BIG JUMP. TARGET 1= 268 TARGET 2= 304
best part is it's closed above 21 monthly EMA. it can move like a rocket anytime soon. target 1 149 target 2 175
broke out of double bottom pattern on a multi year time frame. reward shall be huge. support at 138-129-119 target 1- 192 target 2- 271
56 is a strong support base.monthly close above 70 will ensure new high.
it shall stay above 69 to continue the upmove or it need to consolidate here for sometime. support at 65-62
SUPPORT AT 189- 178, UPWARD MOVEMENT ONLY ABOVE 208.
FALLING WEDGE BREAKOUT HOPEFULLY WITHIN NEXT 3-4 WEEKS. TARGET 1 1090 TARGET 2 1360
inverse head & shoulder break out above 305 can lead to 500+ level
topped out at 1.27 fibonacci extented level of 78.65. support at 69-70, 63-62 target 1 112-116 target 2 141-146 target 3 176-181 (ROUNDING PATTERN FORMATION ) MULTI YEAR BREAK OUT ABOVE 116.
next week it shall give a break out above 1052. T1-1225 T2-1309
below 314 it can touch 267-245, above 314 target 420-483-544
below 77 it will consolidate. strong support at 66. above 85 it is heading towards 125.
channel top is around 80 in this current up move
BREAKOUT LINES ARE MENTIONED