Copper: Oversold Dec 15-19 - Rakesh Chandra

Copper on the daily charts has completed the 3rd downwave, and thus a 4th upwave is on cards. The possible target for this is the 185+ area. In the coming couple of weeks, each decline in copper is a buying opportunity.

With stoploss 161 next week, buy Copper above 162.60 with target>166>>171>>>174.

With stoploss 163 next week, short Copper below 160.60 with lower target >157>>152>>>149.