Copper
The above chart shows hourly chart of copper the average price of the copper is 310.90 and it has Support at 308 and Resistance at 312
NOW WHAT WE EXPECT ???
Three consecutive closes + weekly close below 308 will see sharp downside panic till 293---289 and then to 276 mark in days to come else it could test its resistance level of 314 again
Close above 314 will take to 318---319 and then to 324 mark
Any way Trade with levels only
CRUDE OIL
See Yesterday 's post we clearly told to sell around 2461 with stop loss of 2491. Just made a low of 2331
Now what to expect???
Break and sustain below 2320 will see further panic till 2290---2280 and then to 2250 mark
Now hurdle resistance at 2400---2430
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