LME copper may retrace to $14,235 this week
Technical analysis says copper failed to break resistance at $14,888 and broke support at $14,527.
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LME copper may retrace to $14,235 this week
LME copper (MCU3=LX) may retrace to $14,235 per metric ton this week, following its failure to break a resistance at $14,888.The metal also broke a support at $14,527. The next support is at $14,235, a break below which may open the way toward $13.943.A rise above the Sept. 25 high of $14,692 would…