FxWirePro
Long

Copper forms "Bullish Gartley", good to buy dips

FX:COPPER   Copper
126 1 4
Copper             is extending bounce off multi-month lows (not seen since Feb 15th) at 2.037 hit on May 19th.

Bullish Gartley Pattern on daily charts .

Techs also support upside, Stochs and RSI have rolled over from oversold region and are biased higher.

MACD line has shown a bullish crossover on signal line.

21-DMA at 2.1230 is immediate resistance on the upside. Break above to see next hurdle at 2.138 (38.2% Fib).

Supports on the downside are seen at 2.077 (converged 5&10 DMAs), 2.037 (May 19th lows) and 2.030 (trendline).

Good to buy dips around 2.10, SL: 2.077, TP: 2.123/2.138/2.169
purpurato59 PRO
6 months ago
Good work, thanks.
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