The Commodity is trading in a range near the Resistance Zone. The Index is consolidating between 10470-10140, we need to wait for the commodity to break beyond this level, if the Commodity is able to break on either side, according to that we will suggest taking a position.

If the breakout is on the upside the Commodity has to close above 10470, wait for one candle to close above this level, if it is able to close above the mentioned level start buying.

If the RSI is trading above 73 ignore the breakout.

If the breakout is on the downside the Commodity has to close below 10140 levels, wait for one candle to close below the level, if it is able to close below the mentioned level start selling.

Copper

Apr 17 2022