COPPER (XCU/USD) – Week 7 –Bulls getting stronger.
Updated
Last week, Copper was fast paced and broke out of the consolidation area, as Chinese markets closed for the week-long Lunar New Year holiday after four days of rapid gains that boosted the price to a new eight year high.
For this week we are expecting a small corrective move that will ultimately act as a bullish trigger that would push the price higher in the near future.
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.
For this week we are expecting a small corrective move that will ultimately act as a bullish trigger that would push the price higher in the near future.
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.
Trade closed: target reached
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