Technical Talk: COMEX Copper Lingers Around EMA 100 On Daily Charts

COMEX Copper futures slipped today after hitting $ 3.10 levels as a slide from one month high extended. The metal edged up from a four month low in last week of March and raced up impressively before running into a heavy resistance at 100 Day Exponential Moving Average (EMA). Daily charts are forming lower top-lower bottom visual and the EMA 100, currently placed around 3.09 levels should act as a key level in deciding the near term price direction for the metal.