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Copper view bullish harami on daily chart

Posted by NIFM
Copper April contract settled at 401.25 up by 4.15 rupees. Metal settled well within the range of prior session and with a bullish candle that qualifies as a bullish harami candlestick pattern. Today price objective for bears would be 397 and then 395 any sustained move below that level would bring more weakness and then we will see a decline towards 391-387 and more down side. Resistance is now seen near 404.20 any move above that level would bring 406 and any closing above 408 would bring 414-417 on cards.   http://prntscr.com/34tcbh

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