COPPER: Correction may be coming

OANDA:XCUUSD   CFDs on Copper (US$ / lb)
The chart shows that the big bull market in copper may be weakening and about to correct.

The 2H ATR (amber line) showing the bull strength, is vacillating in its conviction. Finally, there is a trend-switch for the south.

This is a trend following set up - which means if shorting there can be no targets. Stop losses are usually difficult to define, are large and somewhere above the ATR line.

Price of copper is dependent on the US Dollar strength. The DXY shows trends opposite to copper .

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