Fxprotrader
Long

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:
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