Coppertrading
Copper Extremely Bullish on monthly chartsOn the Monthly charts, I can see copper extremely bullish, targeting at the upper band of the BB. Try to go long on, the lower tf, then keep on trailing stop & taking multiple entry after every profit booking & avoiding shorts at all. Every dip should be used as an opportunity to go long, follow the divergence on the lower tfs. Then take longs following your trading systems. Flag pattern can be seen on the 12d chart & weekly as well.
If You Own MCX Copper, Look Out Below MCX Copper is playing under a parallel channel. Currently, it's at the support trendline. Additionally, there's a Fibonacci retracement value of 0.886 .
The best trading strategy for the day traders is:
According to a moving average and parallel channel's support trendline, copper is strongly bullish. It can show us an all-time new high before the end of this month. So, the day traders can buy for the levels of 536 - 540 - 556+ .
Important - Due to the election of the USA.
From where it starts collapsing?
You can sell the copper at/below parallel channel or Fib retracement value 0.886 for the targets of 516 - 506 .