TradingView
jsaettele
Jun 28, 2022 12:51 PM

Copper Responding to Support Long

Copper FuturesCOMEX

Description

There is a lot to like from a technical perspective regarding copper. Price carved a doji on Friday and price has reacted to a level defined by VWAP from the March 2020 low and former resistance (January 2021 high). Also, the decline from March consists of 2 equal legs. I'm thinking higher as long as last week's low holds. The May low at 4.0370 is a soft target.

-Jamie
Comments
wallabrelmi
Looks good, thanks. I bought copper futures 2 nights ago and made my best profit ever, closing the next morning before it tanked, briefly.
More