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 Subscribers to my mailing list will get one month access to my trading account after website launch ... Subscribe here thefxchannel.com/ , My best regards Technician
Comments
HamedAghajani
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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.
Harsh
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hi Technician
Please Tell Copper Treading view
TimBrent
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this one is also going well! Thanks again technician! we all appriciate your work! :D
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.