Technician
Short

#Copper: Facing Main Resistance

FX:COPPER   CFDs on Copper
1002 5 29
Copper made an impressive run higher. However, watch-out, it's retesting a key area.
  • A previous horizontal support which might turn now to the main resistance.
  • The falling trend line
  • The 52-week Average.
Could be a good place to look for short trades as a first scenario.. Unless that resistance breaks, which could signal more upside.

Good luck
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Technician
https://thefxchannel.com
hi Technician
Please Tell Copper Treading view
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this one is also going well! Thanks again technician! we all appriciate your work! :D
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Thanks mate
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Hi Technician;

Below is my recent look into Copper stocks, I understand that it is far from your trading style, and strategy. But I gathered some fundamental and technical reasons, why the copper should resume decline.

+1 Reply
Good analysis
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