EmpowerTrader
Short

Copper Price Trading At Key Resistance

OANDA:XCUUSD   CFDs on Copper (US$ / lb)
Copper price has beeb trading in a bearish channel since the start of October. Now price is trading back at key resistance once again. Look closely to the performance of Chinese large caps for future headway for Copper . Nevertheless, with trade war still looming large, a bearish reversal seems to be the most likely scenario.

Trade Step-ups:

Bearish Reversal: Price rejects a break from final resistance level . Profit levels to look for are 2.6700 & 2.6400 respectively.

Bullish Breakout: Price breaks final resistance level , look for consolidation above 2.7600
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