Anglo is at an important area which will dictate the next possible leg.
While price stays above R536 on the daily, a possible counter trend pullback is possible to test R590 or higher...
A break below opens the gates to R460
Consequently copper is close to a key bounce area of 3.18 which will help this counter if it finds support
Note: Price is below the medium term trendline and outside of the broadening formation
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
While price stays above R536 on the daily, a possible counter trend pullback is possible to test R590 or higher...
A break below opens the gates to R460
Consequently copper is close to a key bounce area of 3.18 which will help this counter if it finds support
Note: Price is below the medium term trendline and outside of the broadening formation
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
Trade active
Copper levels i'm watching
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.