Copper FuturesShort
Dr Copper - Long Term Trend remain bearish
Doctor Copper, The leading indicator of economic cycle remain bearish see, declining copper prices may indicate sluggish demand and an imminent economic slowdown (Investopedia)
In the chart, weekly chart seen copper price form double top in 50% retracement level. As the elliotician know, price failed to break 61.8% and reverse suggesting the next trend will follow the previous impulsive direction (Down).
The next target at 2.293 (refer to right chart)
https://www.investopedia.com/terms/d/doctor-copper.asp
In the chart, weekly chart seen copper price form double top in 50% retracement level. As the elliotician know, price failed to break 61.8% and reverse suggesting the next trend will follow the previous impulsive direction (Down).
The next target at 2.293 (refer to right chart)
https://www.investopedia.com/terms/d/doctor-copper.asp
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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.