Copper Long Term Analysis
Updated
Looking for a reason to be bullish copper? You might cite a weak US Dollar, the world wanting more electric cars, or our obsession with telecom...I'm just looking at the chart.
Bullish trend? Check. Support held? Check. Alright lets look for some higher targets! For me I'm looking for an extension to the 3.4500 level. It might take some time to get there but I'm OK with that, there's a lot of sweet bamboo around.
Note: All ideas expressed here are presented solely for learning and educational purposes only. Any gains or losses assumed by trading ideas presented by The Bad Panda are done so at your own risk.
Bullish trend? Check. Support held? Check. Alright lets look for some higher targets! For me I'm looking for an extension to the 3.4500 level. It might take some time to get there but I'm OK with that, there's a lot of sweet bamboo around.
Note: All ideas expressed here are presented solely for learning and educational purposes only. Any gains or losses assumed by trading ideas presented by The Bad Panda are done so at your own risk.
Note
I suspect 2.94 will give way briefly before the rally higher. Watch the Dollar on NFPR for signs of reversal here.Note
Nice rally higher off of our support level.Note
Further update and analysis!
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