LME copper may stabilize around $14,235, test resistance
LME copper (MCU3=LX) is expected to stabilize around $14,235 per metric ton this week and may test resistance at $14,527.
LME copper (MCU3=LX) may stabilize around $14,235 per metric ton this week and test resistance at $14,527. Resistance at $14,888 has triggered two corrections, with the current correction expected to be shallower than the first move from $14,875. Support at $14,235 looks like a possible endpoint for the current move.