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nmiah7c
Jun 21, 2021 1:02 PM

Copper back up to $4.40 ? Long

Copper FuturesCOMEX

Description

Coppers trading range is narrowing quite a bit.

initially i got my timiing wrong on this (see other analysis), but now seems to be teh right time for a reversal breakout upwards.

expect copper to head up to $4.40. will need to reassess there to decide which way next.
overall long term expecting copper down.

Comment

job done. 4.4 hit on Copper.
not sure which way next.. will wait for next signal.

long term im bearish on copper.
Comments
LiquidityMaster
The reflation trade is over. Maybe it does a retracement (i.e., bull trap) to that area, but the FED has killed that trade.
Chaython
On the daily candles, it tested fib and was rejected
but it should be at a support.
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