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

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

SMM Insight 11:18:39AM Sep 19, 2015 Source:SMM

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.  

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.



#1 Refined Copper 7 Day Chart

Key Words:  LME copper prices 

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

SMM Insight 11:18:39AM Sep 19, 2015 Source:SMM

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.  

For news cooperation, please contact us by email: sallyzhang@smm.cn or service.en@smm.cn.



#1 Refined Copper 7 Day Chart

Key Words:  LME copper prices