Let’s Ride the Copper Rebound!

Current Price: $4.912
Direction: BUY

Technical Justification:
• Support Reclaim: Price has bounced off a previously respected horizontal support zone (around $4.89–$4.90), forming a potential double bottom.
• Volume Confirmation: Buying volume is increasing near the support zone—an early signal of accumulation.
• Breakout Anticipation: Price is testing a short-term resistance zone (~$4.92). A confirmed breakout above this level could trigger a strong upward move.
• Bullish Target: $5.04 (previous high and liquidity zone).
• Stop Loss: Below $4.89 (to invalidate the bounce setup).

Trade Plan:
• Entry: On breakout and sustained close above $4.922 (confirmation on strong candle + volume).
• Targets:
• T1: $4.96
• T2: $5.04
• Stop Loss: $4.885 (below previous wick low).
• Risk-Reward Ratio: Approx. 1:2.5+


After a corrective pullback, Copper is showing signs of reclaiming strength at key support. If bulls manage to hold above the $4.92 mark, we may be looking at the start of a fresh impulsive move toward $5+. Keep an eye on volume and candle strength for confirmation.