Tickmill

Copper broke resistance, potential for further bounce!

Long
OANDA:XCUUSD   CFDs on Copper (US$ / lb)
Copper broke its descending resistance trend line and is facing bullish pressure from our Ichimoku cloud and EMA where a break above our upside resistance could see a push up to our first resistance target at 3.09717
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks


This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.