COPPER (XCU/USD) – Week 6 –Consolidation not over yet.

OANDA:XCUUSD   CFDs on Copper (US$ / lb)
Copper price moved sideways for the whole trading week, as we predicted in our past analysis.
For this week we are expecting the bearish corrective move to finish with a high chance that we will test the support area and the lower channel line highlighted on the chart. Once this move is completed, our long-term bias for this pair will be bullish .
Trade with care.

Best regards,
Financial Flagship

Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.

Trade closed manually


nice one mate! carry on
+1 Reply
financialflagship TheSignalyst
@TheSignalyst, Thank you.