Markets
LME copper may rise into $7,843-$8,116 range this week
- The resistance is identified as the 107pc projection level of an upward wave C from $4,371.
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SINGAPORE: LME copper may rise into a range of $7,843-$8,116 per tonne this week, as it has cleared a resistance at $7,613.
The resistance is identified as the 107pc projection level of an upward wave C from $4,371.
The next resistance will be at $7,843, a break above which could lead to a gain to $8,116.
A break below $7,613, now a support, may cause a fall to $7,401.