CFDs on Copper (US$ / lb)

Long

Copper Buy on bounce setup

Updated

Buy copper on bounce above 3.015

Please keep watching this space for more updates on target and SL once trade gets activated

Comment

Once trade is active

T1: 3.030
T2: 3.050
T3: 3.062
T4: 3.071

SL: 2.988

Comment

Aggressive traders can go long now as the high of hourly red candle is taken down by the candle that bounced on the channel bottom.

snapshot

Comment

Conservative traders can wait for further confirmation

Comment

So far Copper hourly candle has given a solid bounce

snapshot

Trade active

Trade closed: stop reached

Comment

Copper after breaking the channel is now ready to make a pull back.
A broadening wedge is seen

snapshot

Related publications

Copper Short setup

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.