Hi, Buy above 460 Sell below 427 Which side Trend line(support and resistance) is break, possible take entry that side.. Thanks.
ENTRY 441.4 TARGET 445 STOPLOSS 438.5
This is just to share my understanding and for educational Purpose. I prefer simple and apt technical. If you like it. Please share your feed back, this would encourage me to share further.
This is the Buy and sell level. When price beak this Buy/Sell level please check the divorgen.
COPPER AFTER HAVING SUFFERED WATER FALL SLIDE HAS BROKEN THE PENDANT PATTERN IN DAILY & HOURLY CHARTS PROGNOSIS IS THAT IT MAY TEST THE NEAR BOTTOM OF 2.0
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..
SORRY for posting late...entry was queiy below near bottom...but still u can make good money..any dip buy it..and hold until u get a good amount.
Copper looking bullish and long can be considered above 2.7900
Copper prices are diverged from RSI. Price action is loosing momentum. Which increases the risk of buyers selling in frustration.
Copper should be heading lower to around 2.25/2.35 in the coming weeks. Crucial support at 2.55 gave way today.
Copper Futures heading higher to 2.85/2.90 zone. Stop 2,55
Correction or Impulsive Down Move - Only Time will tell. However one can stay with a short side bias for next month or so and play for a move to 2.3 Area (Green Line)
KST indicator has turned up indicating a swing up to the 2.75/2.80 zone in the coming days. Stop @ 2.525 (beloew previous swing low)
Copper has completed abc correction that began in early 2016. It is also at the top of a LT channel. Copper seems to have started a corrective (possibly impulsive) move from 2.8 highs; this should take it to a target of 2.49 in the short term(also a strong support zone)