mcx copper stya blw 760 sell on rise sl 769 expect 740 tgtmcx copper stya blw 760 sell on rise sl 769 expect 740 tgt-- as per daily chart candlestick formation looks dipsss and look for gap fill till 732 as i expect and should come 753--45 also yes blw 4$ closing in comex will pressure more sell side till 3.93--3.85$
Trade ideas
Dr. CopperIN spite of Bullish COT Reports - Copper Still seems to be working to kick out the last bear.
While Weekly Momentum is up and Daily Down, Looks like it still has one or two legs down before it moves up.
3 to 3.1 Area Looks interesting. Watch Out for it.
Have Patience and keep a Watch on Daily Momentum
Is copper momentary negative but long term fundamental buy?Copper prices have been rising in the past two weeks as producers chile flagged supply risks.
1. Souring heat wave in west seek demand for energy generation
2. The demand in electric vehicle adoption would likely to grow despite risk of economic slowdown.
To add fuel to the fire, The largest miner of copper Chile posted a 1.5 percent YoY fall in Industrial production data in June of 2022, following a downwardly revised 1.7 percent rise in the prior month. The main drags on the industrial sector were mining and quarrying activities (-2.1 percent vs -0.3 percent in May)






















