BR100 Increased By (2.8%)
BR30 Increased By (3.57%)
KSE100 Increased By (2.38%)
KSE30 Increased By (2.44%)
AGHA 6.12 Increased By ▲ 0.09 (1.49%)
BECO 4.16 Increased By ▲ 0.30 (7.77%)
BML 62.73 Increased By ▲ 1.73 (2.84%)
BOP 30.90 Increased By ▲ 2.81 (10%)
CNERGY 11.97 Increased By ▲ 0.23 (1.96%)
CSIL 5.42 Increased By ▲ 0.12 (2.26%)
FCCL 56.78 Increased By ▲ 2.32 (4.26%)
FFL 13.34 Increased By ▲ 0.27 (2.07%)
FNEL 1.15 Increased By ▲ 0.04 (3.6%)
KEL 6.00 Increased By ▲ 0.37 (6.57%)
KOSM 5.48 Increased By ▲ 0.14 (2.62%)
LOTCHEM 24.37 Increased By ▲ 0.54 (2.27%)
MLCF 97.49 Increased By ▲ 4.51 (4.85%)
NBP 174.50 Increased By ▲ 11.30 (6.92%)
NCPL 48.47 Increased By ▲ 0.20 (0.41%)
NPL 50.23 Increased By ▲ 0.52 (1.05%)
OGDC 310.47 Increased By ▲ 6.84 (2.25%)
PACE 9.05 Increased By ▲ 0.08 (0.89%)
PAEL 33.07 Increased By ▲ 1.16 (3.64%)
PIBTL 13.15 Increased By ▲ 0.41 (3.22%)
PPL 217.17 Increased By ▲ 4.26 (2%)
PRL 85.66 Increased By ▲ 1.32 (1.57%)
PTC 46.19 Increased By ▲ 1.20 (2.67%)
SSGC 23.32 Increased By ▲ 0.49 (2.15%)
TBL 9.02 Increased By ▲ 0.14 (1.58%)
TELE 6.73 Increased By ▲ 0.23 (3.54%)
TPL 26.10 Increased By ▲ 1.84 (7.58%)
TPLP 12.67 Increased By ▲ 0.68 (5.67%)
TREET 23.80 Increased By ▲ 0.66 (2.85%)
TRG 53.17 Increased By ▲ 1.70 (3.3%)
اردو
Android App
Print Edition Dollar to PKR
Daily Petrol Prices IMF-World Bank meetings Intl Oil Prices Iran-US war Gold Rates Podcasts PSX Notices
Markets

LME copper may rise into $6,067-$6,129 this week

Copper has cleared a resistance at $5,989, the 38.2pc projection level of a downward wave C from $6,608.50. A
Published Updated
Save
1 min
Comments
By Reuters
  • Copper has cleared a resistance at $5,989, the 38.2pc projection level of a downward wave C from $6,608.50.
  • A projection analysis indicates a target zone of $6,067-$6,229, formed by its 61.8pc and 100pc projection levels.

SINGAPORE: LME copper may rise into a range of $6,067-$6,129 per tonne this week, driven by a wave c.

This wave started at $5,806. It is the third wave of a presumed three-wave cycle from the Oct. 1 low of $5,588.

A projection analysis indicates a target zone of $6,067-$6,229, formed by its 61.8pc and 100pc projection levels.

Support is at $6,018, a break below which could cause a fall limited to $5,968.

On the daily chart, copper has cleared a resistance at $5,989, the 38.2pc projection level of a downward wave C from $6,608.50. Chances are it may extend to $6,225.

Comments

Comments are closed for this article.

More Stories

Browse all stories