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Buycopper

Copper is SLOW but steady and climbing to the impossible 10,677The target seems like it's in another universe, but we are patient traders right? Actually, this analysis is turning out to be a MEDIUM term investment. The problem, with derivatives the Interest eats away daily and the price goes up technically. However, the analysis is still on despite the slowness of copper. Besides, it's not the most exciting metal. So, we'll just have to endure the upside and maybe cut the profit and let the position run as it wishes. Target remains at Target 10,677 Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATIONSB:COPPERLong
by Timonrosso
Copper Cup and Handle ready to explode to 10,677Copper is an interesting market because it tends to follow the major markets. It doesn't have that safe haven status feel and every broker quotes Copper differently. Whether you're trading on US or LSE, it is subjective to the broker. Right, now it's priming itself for great upside which could signal upside for general markets and indices. Hopefully, the recession fears may come to an end. But we can only hope. Once the price breaks above the brim level, the target will set to around 10,677. Disclosure: I am part of Trade Nation's Influencer program and receive a monthly fee for using their TradingView charts in my analysis.
TRADENATIONSB:COPPERLong
by Timonrosso
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