Copper sell the break setup.
Updated
Copper - Intraday - We look to Sell a break of 34580 (stop at 34910)
Trend line support is located at 34850.
Daily signals for sentiment are at overbought extremes.
A break of 34600 is needed to confirm follow through negative momentum. A higher correction is expected.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
Our profit targets will be 33510 and 33110
Resistance: 35000 / 35300 / 35600
Support: 34900 / 34600 / 34000
Trend line support is located at 34850.
Daily signals for sentiment are at overbought extremes.
A break of 34600 is needed to confirm follow through negative momentum. A higher correction is expected.
Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible.
Our profit targets will be 33510 and 33110
Resistance: 35000 / 35300 / 35600
Support: 34900 / 34600 / 34000
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Trade wasn't filled
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