financialflagship

COPPER (XCU/USD) – Week 39 – Waiting for a trendline breakout.

Long
OANDA:XCUUSD   CFDs on Copper (US$ / lb)
In our last week’s analysis, we anticipated the pair to finish the correction and make an attempt to break the resistance level . Instead, the price pulled back deeper than expected and reverted.
In the coming days, we foresee the pair consolidating above the orange trendline and head towards the resistance area .
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.