BR100 Decreased By (-0.12%)
BR30 Decreased By (-0.13%)
KSE100 Increased By (0.08%)
KSE30 Increased By (0.06%)
AGHA 6.48 Increased By ▲ 0.16 (2.53%)
BECO 4.40 Increased By ▲ 0.13 (3.04%)
BML 62.24 Decreased By ▼ -0.21 (-0.34%)
BOP 31.25 Increased By ▲ 0.02 (0.06%)
CNERGY 11.74 Increased By ▲ 0.15 (1.29%)
CSIL 5.96 Increased By ▲ 0.24 (4.2%)
FCCL 60.70 Decreased By ▼ -0.84 (-1.36%)
FFL 14.90 Decreased By ▼ -0.12 (-0.8%)
FNEL 1.25 Increased By ▲ 0.02 (1.63%)
KEL 6.28 Increased By ▲ 0.02 (0.32%)
KOSM 5.76 Increased By ▲ 0.20 (3.6%)
LOTCHEM 24.85 Increased By ▲ 0.17 (0.69%)
MLCF 103.10 Decreased By ▼ -0.98 (-0.94%)
NBP 174.67 Decreased By ▼ -0.61 (-0.35%)
NCPL 52.92 Increased By ▲ 0.15 (0.28%)
NPL 54.60 Increased By ▲ 0.48 (0.89%)
OGDC 312.80 Decreased By ▼ -0.59 (-0.19%)
PACE 9.24 Increased By ▲ 0.04 (0.43%)
PAEL 35.44 Decreased By ▼ -0.36 (-1.01%)
PIBTL 13.67 Increased By ▲ 0.20 (1.48%)
PPL 221.00 Decreased By ▼ -0.81 (-0.37%)
PRL 80.83 Increased By ▲ 1.75 (2.21%)
PTC 47.00 Increased By ▲ 0.15 (0.32%)
SSGC 24.05 Increased By ▲ 0.18 (0.75%)
TBL 9.25 Decreased By ▼ -0.06 (-0.64%)
TELE 7.41 Increased By ▲ 0.02 (0.27%)
TPL 24.85 Decreased By ▼ -0.26 (-1.04%)
TPLP 12.82 Increased By ▲ 0.31 (2.48%)
TREET 26.04 Decreased By ▼ -0.21 (-0.8%)
TRG 54.00 Increased By ▲ 0.56 (1.05%)
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 retrace towards $6,244 this week

  • The support is provided by the 61.8pc projection level of an upward wave (C) from $4,371.
Published Updated
Save
1 min
Comments
By Reuters

SINGAPORE: LME copper may retrace towards a support at $6,244 per tonne this week, and then resume its uptrend towards a resistance zone of $6,608.50-$6,686.

The support is provided by the 61.8pc projection level of an upward wave (C) from $4,371.

This wave is far from complete. The part of the rise from $5,060 consists of five smaller waves.

The metal is riding on wave 4, which is expected to end at around $6,244, to be then reversed by wave 5.

Comments

Comments are closed for this article.

More Stories

Browse all stories