Trial now
FED

KC Fed President George

CHILE

Leftist Boric Retains Lead In Presidential Polling

US EURODLR FUTURES

BLOCK, Green Pack

US TSY FUTURES

BLOCK, Second 2Y Sale

(H1) Trendline Support Holds

COPPER TECHS
  • RES 4: $376.25 - 2.00 projection of Oct 2 - 21 rally from Nov 4 low
  • RES 3: $373.40 - High Jan 7 and key resistance
  • RES 2: $367.35 - High Jan 21
  • RES 1: $361.25 - High Jan 29
  • PRICE: $354.10 @ 14:05 GMT Feb 1
  • SUP 1: $349.10 - Low Jan 28 and the bear trigger
  • SUP 2: $345.00 - Low Dec 10
  • SUP 3: $343.90 - Low Dec 2
  • SUP 4: $340.00 - Round number support
Copper futures traded lower last week and cleared support at $355.15, Jan 11 low. Price has also traded down to the key trendline support drawn off the Oct 2 low. The Jan 28 low was at $349.10, the trendline today intersects at $350.99. A breach of this line would strengthen a bearish case and signal scope for weakness towards the 340.00 handle. A stronger recovery from the trendline though and a clear break of 360.00 would expose $367.35.