Copper Technical Analysis - Prices are testing through support at the bottom of a bearish Flag continuation pattern (3.086) and the 38.2% Fibonacci expansion at 3.067. A break below the latter level targets the 50% level at 3.016. Near-term resistance is at 3.130, the 23.6% Fib.
News update on copper by, epicresearch.co Besides subdued demand from battery-makers in the domestic spot market, a weak trend in copper and other base metals at the LME weighed on lead prices at futures trade.
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