UnknownUnicorn7774018

Copper Futures - Breakout shaped recovery

COMEX:HG1!   Copper Futures
The economic recovery hasn't been confirmed yet by Dr Copper has it fails to break out of his decade long downtrend. It was challenged last month with no clear break (2 consecutives closes above)
August could be the month of the recovery from COVID or a pullback could signal a longer recovery ahead.
Trade active:
Breakout underway in Copper after China injects liquidity into their financial system
A successful one would support the economic recovery narrative
Bullish Fundamentals & Technicals
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.