Copper (LME) remains solidly above the $5664 200-day average and is picking up further momentum, with next resistance at $6178 and targeting the $6343 January high, strategists at Credit Suisse apprise. Key quotes “Copper (LME) has established itself above its 200-day average at $5664 and has broken above price/gap/50% retracement resistance at $5928, confirming the recent upturn in momentum. As a consequence, we expect the recovery to extend further with next resistance seen at $6178, then $6210/11, with the January 2020 high at $6343.” “Support can be identified at $5666 and then more distant $5246 which we expect to hold.” FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street FXStreet News share Read Next EUR/USD: New quarter, new gains? Double-bottom provides support, NFP hints awaited Yohay Elam 2 years Copper (LME) remains solidly above the $5664 200-day average and is picking up further momentum, with next resistance at $6178 and targeting the $6343 January high, strategists at Credit Suisse apprise. Key quotes “Copper (LME) has established itself above its 200-day average at $5664 and has broken above price/gap/50% retracement resistance at $5928, confirming the recent upturn in momentum. As a consequence, we expect the recovery to extend further with next resistance seen at $6178, then $6210/11, with the January 2020 high at $6343.” “Support can be identified at $5666 and then more distant $5246 which we expect to hold.”… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
