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Copper forms ascending triangle, good to buy at dips

Long
FX:COPPER   CFDs on Copper
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2
Pattern formed – Descending triangle

Major resistance -2.135

Copper once again recovered after making a low of 2.035. Overall trend is still bullish as long as support 2.040 holds.

On the higher side major resistance is around 2.135 and break above targets 2.195/2.2650 level.

The commodity is facing support around 2.040 and break below will drag the commodity further down till 2.025/2.000.

It is good to buy at dips around 2.065-70 with SL around 2.040 for the TP of 2.130/2.195/2.265

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