Copper is in a strong uptrend.
Currently, it has pulled back to the 18 EMA level, which offers a potential long opportunity with an initial target at 5.25, and a further upside toward 5.60.
The era of metals continues.
Gold was the first to react — and I believe its rally is not over yet, with new all-time highs still ahead.
Now, it's industrial metals' turn: silver, platinum, palladium, and copper.
Platinum has already shown a strong move, and chasing longs here feels late — it's better to wait for stabilization and the next bullish setup.
Palladium, silver, and copper, on the other hand, still have plenty of room for explosive growth in the near term.
The stop-loss, based on volatility, is set at 4.96.
Currently, it has pulled back to the 18 EMA level, which offers a potential long opportunity with an initial target at 5.25, and a further upside toward 5.60.
The era of metals continues.
Gold was the first to react — and I believe its rally is not over yet, with new all-time highs still ahead.
Now, it's industrial metals' turn: silver, platinum, palladium, and copper.
Platinum has already shown a strong move, and chasing longs here feels late — it's better to wait for stabilization and the next bullish setup.
Palladium, silver, and copper, on the other hand, still have plenty of room for explosive growth in the near term.
The stop-loss, based on volatility, is set at 4.96.
Note
Wow! Honestly, I didn’t expect the scenario to play out so quickly.At the moment, I’ve closed the position. After all, +11% in one day is quite a lot.
And that’s my principle: if you earn a lot very quickly, it’s better to close the position.
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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.