COPPER Technical outlook :

Copper daily chart has formed “Rising wedge” pattern. The last few sessions been bearish in trend and has ended up meeting with the channel’s support slope line near 440. The market is expected to retest the level and gain bullish momentum, testing all the way through 445-450 levels in the upcoming sessions. Alternatively, if the market breaks below the Support level holding at 440 then it might continue in bearish. The downside rally can be expected to test 435-430 levels. Resistance holds at 470.

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