📊 COPPER (1D) Technical Analysis 📊
🔹 Trend Overview:
Copper is in a strong uptrend, testing a key resistance level. A breakout or rejection here will determine the next move.
🔹 Key Levels:
📈 Resistance: 5.393 – A breakout above this level could send price higher.
📉 Support: 5.098 – If broken, price may drop to 4.832.
🔹 Market Structure:
🚀 Bullish scenario: Rejection/hold of 5.098 & we might see price back to 5.3967 → Break & Retest → Target higher levels.
⚠️ Bearish scenario: Break of 5.098 → Drop to 4.832 → Further decline if broken.
🔹 Trade Idea:
Bullish above 5.09840 & 5.393, targeting new highs.
Bearish below 5.09840.
📌 Risk Management: Wait for confirmation of breakout or rejection before entering trades.
🔹 Trend Overview:
Copper is in a strong uptrend, testing a key resistance level. A breakout or rejection here will determine the next move.
🔹 Key Levels:
📈 Resistance: 5.393 – A breakout above this level could send price higher.
📉 Support: 5.098 – If broken, price may drop to 4.832.
🔹 Market Structure:
🚀 Bullish scenario: Rejection/hold of 5.098 & we might see price back to 5.3967 → Break & Retest → Target higher levels.
⚠️ Bearish scenario: Break of 5.098 → Drop to 4.832 → Further decline if broken.
🔹 Trade Idea:
Bullish above 5.09840 & 5.393, targeting new highs.
Bearish below 5.09840.
📌 Risk Management: Wait for confirmation of breakout or rejection before entering trades.
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.