InvestingScope

Trading inside a Rectangle. Short.

OANDA:XCUUSD   CFDs on Copper (US$ / lb)
Copper is trading sideways for more than a month now within a 2.5400 - 2.7350 Rectangle on 1D (RSI = 56.012, MACD = 0.000) and the High Volatility (ATR = 0.0544) ensures the preservation of this neutral action. As seen the price has just been rejected on the Resistance, so we are now short aiming at 2.565.

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