- A break above $9,674 could lead to a gain into a range of $9,879-$10,084
SINGAPORE: LME copper looks neutral in a range of $9,265-$9,674 per tonne, and an escape could suggest a direction.
Wave pattern indicates the progress of a wave (5), which may travel towards $10,747.50, however, the consolidation within the neutral range takes such a long time that the bias looks towards the downside.
A break above $9,674 could lead to a gain into a range of $9,879-$10,084, while a break below $9,265 could open the way towards $9,011.
Copper report is published weekly on Monday.
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