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LME copper may test support at $9,394 this week

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By Reuters

SINGAPORE: LME copper may test a support at $9,394 per tonne this week, a break below could cause a fall towards $9,144.

The metal has broken a support at $9,596. It is supposed to fall to the next support at $9,394.

A small double-top suggests a lower target around $9,200.

A break above $9,596, now a resistance, could lead to a gain to $9,798.

Copper heads for biggest weekly fall since October

Each reader should consult his or her own professional or other advisers for business, financial or legal advice regarding the products mentioned in the analyses.

Copper

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