REVERSAL IN COPPER?
Sell Call on Copper
Copper has formed a clear rejection near the 5.10–5.17 zone after an extended upside move. The price is struggling to sustain above the recent breakout area, indicating that the rally may have exhausted in the short term.
Volumes on the recent candles show distribution, and the momentum indicator (CCI) has started turning down from overbought territory, hinting at a possible short-term correction.
A clean break below 5.08 can open the gates for a move toward 4.87–4.90, which coincides with the previous demand zone and the start of the last impulsive leg.
Recommendation:
• Action: Sell below 5.08
• Stop Loss: 5.17
• Targets: 4.90 / 4.87
• View: Short-term (3–5 trading sessions)
The structure favors a mean reversion move rather than a continuation of the uptrend. The risk–reward setup is attractive with limited upside risk and meaningful downside potential.
