LME copper may stabilize around $14,235 and rise this week

By Reuters News

- LME copper may stabilize around $14,235 per metric ton this week and test a resistance at $14,527.

The resistance at $14,888 triggered two corrections, with the current one expected to be shallower than the first one from $14,875.

The support at $14,235 looks like a possible endpoint for the current correction. A break below it may open the way toward $13,943.

* The copper report is published weekly on Monday.

** Wang Tao is a Reuters market analyst for commodities and energy technicals. The views expressed are his own. His analyses are published exclusively on LSEG Workspace.

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