COPPER (XCU/USD) – Week 23 – Bullish sentiment to return.
In our previous analysis, we expected Copper to resume the bullish trend. Instead, the price started to fall, reaching the support area.
In this context, we expect the price to make another attempt and break the top. We will wait for a trendline breakout and a small pullback to act as a confirmation.
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.
In this context, we expect the price to make another attempt and break the top. We will wait for a trendline breakout and a small pullback to act as a confirmation.
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.
Related publications
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.