Feels like a fall as per my technical analysis.
Sell copper around CMP (712.45-712.5)
TGT as marked
Note it's not an intraday trade.
Disclaimer: These are just my views, I am only SHARING my views - kindly do NOT trade blindly with these levels, please do your own research before entering/ or as per advice from your own financial adviser.
copper is trading hovering near Resistance and we can see divergence on the charts which is a good signal, can be shorted here with a good favorable RR, Sl can be placed few pips above the last swing high i.e 2.72, targets are on the chart. Once it starts moving in our direction trailing stop loss is suggested as markets can turn back any moment.
A good pair of...
complete loss of demand after upthrust, this was essentially a redistribution and currently in markdown
will retest broken down levels before resuming downtrend..
also watchout for a upthrust to 2.6070 test and then accelerate breakdown..