Copper is facing bearish pressure from our first resistance Price is facing bearish pressure from our first resistance and descending trend line, where we could see a further drop below this level. A break below our downside confirmation level at 2.82402 could provide the bearish acceleration to our first support target. RSI is facing bearish pressure as well.
Xcuusd (Copper)
Copper is facing bearish pressurePrice is facing bearish pressure from our first resistance and descending trend line, where we could see a further drop below this level. A break below our downside confirmation level at 2.77082 could provide the bearish acceleration to our first support target. RSI is facing bearish pressure as well.
XCUUSD to reverse from downside confirmation, potential drop!
XCUUSD to reverse from its downside confirmation at 2.82960 where it could potentially drop further to 2.70502.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
XCUUSD potential bounce!
XCUUSD expected to reverse up to 1st support at 2.85969 where it could potentially react and bounce to its resistance at 1st resistance at 2.97345.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.
XCUUSD Long Trade SetupHello Traders
If the current structure is the 4th wave, a running flat should be in the making over the blue trendline and the last top was probably the end of the B wave. What we have after that should be a reversal structure. I'm actually in the trade, but a lower degree reversal pattern after the expanding flat will be a good trade setup for those who want to take a short trade.
Trade with care.
Bulent






















