Copper is presently retracing. Can enter long after some reversal patterns like bullish engulfing.
Long-term Investors: Copper has broken March 2020 resistance trendline, and true resistance breakout is a clear signal to buy. Target prices for long-term traders: 760 - 800+ Intraday Traders: But at present, MCX copper can pullback to the previous resistance line to continue an uptrend. So, intraday traders can sell for the following targets: 690 -...
Price reaching reversal area that is supply zone. Was a good buy trade from the support, in no time price reaches the resistance levels. Look for sell trade if rejects from the supply zone.
Price after a big fall from February 2019 resistance levels recovered big and closed strongly above the resistance levels in weekly time frame which is good sign for bull ride.