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Copper price forecast, technical analysis, support resistance trend level and technical chart

US COMEX COPPER



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Commodity Analysis (US)

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Latest Updates on COMEX Copper (US)

Copper on 22nd February 2017 closed negative, it opened $2.7472, high $2.74950, low $2.71000 and closed $2.73300. Technical indicates copper moving from 20 DMA support and if moves further then intraday copper resistance around $2.75850.

Copper on 14th February 2017 pulls back after touching its 20 months high at $2.8230 as investors took profits and strengthening US dollar add more weakness and copper closed at $2.73700. Technically its still holding above its previous top and if it closes below $2.7135 then copper will show first sign of weakness.

Copper on 03rd February 2017 witnessed strong selling pressure as China central bank moved to tighten monetary policy , curbing demand for commodity. Copper closed at 2.61600, its one of the biggest selling from last few days.

Comex copper on 01st February 2017 pulls back from 20 month high, traders book profit after news of a imminent strike at the worlds biggest copper mine pushed the price to a 20 month high.



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