Title: COPPER1!, Daily Potential for Bullish Continuation
Type : Bullish Momentum
Resistance : 807.00
Pivot: 704.10
Support : 632.70
Preferred Case: On the H4, with price moving above the ichimoku cloud , we have a bullish bias that price may continue moving towards the resistance at 807.00, slightly below where the 78.6% Fibonacci line is.
Alternative scenario: Alternatively, price may head back down to retest the pivot at 704.10, where the 100% Fibonacci projection line is.
Fundamentals: no major news
Type : Bullish Momentum
Resistance : 807.00
Pivot: 704.10
Support : 632.70
Preferred Case: On the H4, with price moving above the ichimoku cloud , we have a bullish bias that price may continue moving towards the resistance at 807.00, slightly below where the 78.6% Fibonacci line is.
Alternative scenario: Alternatively, price may head back down to retest the pivot at 704.10, where the 100% Fibonacci projection line is.
Fundamentals: no major news
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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.
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.