TECHNICALS FOR DECEMBER 23

MCX FEB COPPER

SHORT TERM; SIDEWAYS

LONG TERM : BEARISH

SUPPORTS :145.70, 142.60, 140.20

RESISTANCES ; 149.50, 151, 154

WAIT FOR CONFIRMATION.

Copper prices have been trading sideways for the past

few trading sessions .

Copper is at $ 2970 up $ 40.

Despite the stronger tone today , charts continue to

look weak .

Next support is seen at $ 2500 .

LME stocks were up again today rising by 3900 tons.

Major support is seen at $ 2500 and resistence is

seen at $ 3800.