COPPER (XCU/USD) – Week 4 – Correction knocking on the door.
Copper prices are highly responsive to global growth and liquidity conditions, which is why it was one of the most preferred metals by the investors at the moment, even though in the past week, Copper prices moved sideways with nothing much to offer.
For this week we anticipate that the previous top will be once more broken.
Our advice is to skip this one for the moment and focus on other instruments.
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.
For this week we anticipate that the previous top will be once more broken.
Our advice is to skip this one for the moment and focus on other instruments.
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:
Consolidation not over yet.
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