Copper Conflict setup!
Copper is prevailing at current price of $3.4560 lbs.
Futures contract name in Pmex: Copper-DE22.
As above you can see Conflict area of HMA and Trend line where prices are consolidates and
indicates continuation of bearish Trend is going to exhaust.
False breakout: If market makers will use shady methods to manipulates than you can see false breakout,
which leads to 3.2460 or in other words you can say Double bottom.
Recommendation:
Buy from current price: 3.4560 (Partial lot).
Incase of false breakout Buy another partial lot at 3.2460
Takeprofit with first lot at 3.5802 and second with 3.8501
Risk Warning!
Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital.
Futures contract name in Pmex: Copper-DE22.
As above you can see Conflict area of HMA and Trend line where prices are consolidates and
indicates continuation of bearish Trend is going to exhaust.
False breakout: If market makers will use shady methods to manipulates than you can see false breakout,
which leads to 3.2460 or in other words you can say Double bottom.
Recommendation:
Buy from current price: 3.4560 (Partial lot).
Incase of false breakout Buy another partial lot at 3.2460
Takeprofit with first lot at 3.5802 and second with 3.8501
Risk Warning!
Trading leveraged products such as Forex and CFDs may not be suitable for all investors as they carry a high degree of risk to your capital.
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.