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

By Reuters News

SINGAPORE, Oct 5 (Reuters) - 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.

No information in this analysis should be considered as being business, financial, or legal advice. Each reader should consult his or her own professional or other advisers for business, financial, or legal advice regarding the products mentioned in the analyses. ​

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