Copper: Potential Big Upmove is Coming

OANDA:XCUUSD   CFDs on Copper (US$ / lb)
Looking at the weekly chart of copper what we may see is that price broke above a sliding parallel of the upsloping median line , which acted as resistance both times it was tested. Price has a lot of room till the next potential resistance level so looking for a buy setup completion is our option. Switching to the daily chart we may see that after the breakout price pulled back to the parallel where it was rejected, a signal that buyers are willing to push price higher. Keep an eye for a buy setup and you may be in a trade which will last much time and give a ton of profits.

Daily chart:
EN English
EN English (UK)
EN English (IN)
DE Deutsch
FR Français
ES Español
IT Italiano
PL Polski
SV Svenska
TR Türkçe
RU Русский
PT Português
ID Bahasa Indonesia
MS Bahasa Melayu
TH ภาษาไทย
VI Tiếng Việt
JA 日本語
KO 한국어
ZH 简体中文
ZH 繁體中文
AR العربية
HE עברית
Home Stock Screener Forex Screener Crypto Screener Economic Calendar How It Works Chart Features Pricing House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Get Help Feature Request Blog & News FAQ Wiki Twitter
Profile Profile Settings Account and Billing Get Help Ideas Published Followers Following Private Messages Chat Sign Out