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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.
COPPER TECHS
- RES 4: $470.95 - High Jun 1
- RES 3: $458.60 - High Jul 27 and key resistance
- RES 2: $452.80 - High Jul 30
- RES 1: $447.15 - High Sep 13 and bull trigger
- PRICE: $433.95 @ 13:40 BST Oct 11
- SUP 1: $411.40 - Low Oct 6
- SUP 2: $405.45/401.60 - Low Sep 30 / Low Sep 21
- SUP 3: $396.65/94.55 - Low Aug 19 / Low Apr 1
- SUP 4: $383.55 - Low Mar 4
Copper futures rallied yesterday and cleared resistance at $430.68. This marked the top of a bear channel resistance drawn from the May 10 high. The break is a bullish development and strengthens a bullish case. This signals scope for a climb towards $447.15, Sep 13 high and a key resistance. Firm support has been defined at $411.40, Oct 6 low where a break is required to reinstate a bearish threat.
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.
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