CHART-II
- Channel support line discussed below has been violated. Bigger fall may happen only if price stays below 3.7510 levels.
CHART-I
- Copper testing the channel support line. Price is below 100 Period sma. Bulls of copper need price to breakout above the dotted resistance line and 100 Period SMA. It would be safe to be long copper above 3.8653 levels.
- Bears need price to breakdown below the channel support line. Copper will be weak below 3.7840 and weaker below 3.7510 levels.
- RISING WEDGE OF SPX
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