Hsnajafi

Copper Possible Short

Short
COMEX:HG1!   Copper Futures
Copper has recently broken a downtrend line which had acted as weekly resistance since June 2018 and it is now at the critical level of 2.90-2.95 which is a previous support turned resistance. RSI is at its highest since August 2017. A possible pullback to 2.60 level which had held the market multiple times before is possible.
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.