Technical Talk: COMEX Copper Slides Near EMA 100

COMEX Copper extended its recent losses today, sliding for a third straight session to test its 100 day Exponential Moving Average (EMA). The metal had tested a one month high above $ 3.16 per pound before the latest pullback. The EMA 100, currently placed around 3.09 levels should act as a critical support now as the counter had gained in a quick time after breaking above the same mark in the last week.