- Analytics
- News and Tools
- Market News
- Copper stays on course to reach the $11000 mark - Credit Suisse
Copper stays on course to reach the $11000 mark - Credit Suisse
FXStreet notes that copper (LME) remains in a well-supported uptrend and strategists at Credit Suisse stay bullish for $11000 and higher.
“Copper extends its temporary breather/pullback near the crucial $10000 level and we maintain our core bullish outlook, with resistance seen next at the psychological $11000 mark, which we would expect to cap the market, at least temporarily.”
“A direct break above $11000 can see next projection resistance at $11210.”
“Support at $9719/9617 should continue to provide good support in case of a further pullback.”
© 2000-2024. All rights reserved.
This site is managed by Teletrade D.J. LLC 2351 LLC 2022 (Euro House, Richmond Hill Road, Kingstown, VC0100, St. Vincent and the Grenadines).
The information on this website is for informational purposes only and does not constitute any investment advice.
The company does not serve or provide services to customers who are residents of the US, Canada, Iran, The Democratic People's Republic of Korea, Yemen and FATF blacklisted countries.
Making transactions on financial markets with marginal financial instruments opens up wide possibilities and allows investors who are willing to take risks to earn high profits, carrying a potentially high risk of losses at the same time. Therefore you should responsibly approach the issue of choosing the appropriate investment strategy, taking the available resources into account, before starting trading.
Use of the information: full or partial use of materials from this website must always be referenced to TeleTrade as the source of information. Use of the materials on the Internet must be accompanied by a hyperlink to teletrade.org. Automatic import of materials and information from this website is prohibited.
Please contact our PR department if you have any questions or need assistance at pr@teletrade.global.
Bank transfers
