LME Copper to Consolidate at $5,300-5,450 Next Week, SMM Says

Published: Sep 19, 2015 11:18

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LME copper might consolidate between $5,300-5,450 per tonne next week, Shanghai Metals Market foresees.

SHANGHAI, Sept. 19 (SMM) –LME copper might consolidate between $5,300-5,450 per tonne next week, Shanghai Metals Market foresees.

Technically, LME copper found solid support at the 5-day and 10-day moving averages, but met strong resistance at $5,450 per tonne.

Ample market liquidity will allow SHFE 1511 copper stay high at 40,500-41,500 per tonne.

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