InvestingScope
Short

Copper: Short opportunity within an Ascending Triangle.

OANDA:XCUUSD   CFDs on Copper (US$ / lb)
Copper ( XCUUSD ) is trading within a 1D Ascending Triangle ( RSI = 56.277, MACD = 0.016, Highs/Lows = 0.0000). Last week it was rejected on the 2.7000 1D Resistance and that should make it test at least the 1D MA50 (blue line). In our opinion since the RSI has been consolidating in the past 2 months, the potential pull back can make a Higher Low on the 1D Ascending Triangle so our Target is lower at 2.57000.





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