MNI BRIEF: China Visitor Mobile Payments Surge in H1

MNI China Daily Summary: Friday, July 26

MNI BRIEF: Foreign Firms Content In China

MNI BRIEF: Turkish Inflation Expectations Steady- TEBA

MNI China Press Digest July 26: Deposit Rates, Fiscal, PBOC

MNI: PBOC Net Injects CNY299.05 Bln via OMO Fri

MNI: BAKER HUGHES US RIG COUNT 589; OIL RIGS 482; GAS RIGS 101

MNI: UNIV OF MICHIGAN CONSUMER SENTIMENT FINAL JUL INDEX 66.4

EZ/UK Bond Supply Calendar: BoE Short APF Operation on Monday

RPT-MNI: Canada Sticks To Fiscal Anchors, Spends Chunk Of Windfall

© 1982-2024 MNI. All rights reserved.
Terms | Privacy
Log Out
Free Trial

(H2) Consolidating At This Week’s Highs

COPPER TECHS
  • RES 4: $470.95 - High Oct 21
  • RES 3: $462.18 - 76.4% retracement of the Oct - Dec sell-off
  • RES 2: $460.10 - High Jan 12 and key short-term resistance
  • RES 1: $453.45 - High Jan 26
  • PRICE: $449.10 @ 13:14 GMT Feb 4
  • SUP 1: $428.20 - Low Jan 31
  • SUP 2: $423.20 - Low Dec 20
  • SUP 3: $411.95 - Low Dec 15 and key support
  • SUP 4: $409.90 - Low Oct 6

Copper futures are unchanged. The contract has recovered from Monday’s low of $428.20. The contract is again above the 50-day EMA and attention turns to $460.10, the Jan 12 high and key short-term resistance. A break of $460.10 is required to strengthen a bullish theme. On the downside, key short-term support has been defined at $428.20, the Jan 31 low where a break would reinstate a bearish threat.

Energy BulletsCommodities
Energy BulletsCommodities

To read the full story

Close

Why MNI

MNI is the leading provider

of intelligence and analysis on the Global Fixed Income, Foreign Exchange and Energy markets. We use an innovative combination of real-time analysis, deep fundamental research and journalism to provide unique and actionable insights for traders and investors. Our "All signal, no noise" approach drives an intelligence service that is succinct and timely, which is highly regarded by our time constrained client base.

Our Head Office is in London with offices in Chicago, Washington and Beijing, as well as an on the ground presence in other major financial centres across the world.