The COPPER1! is in uptrend despite the counter COT commercial index direction. Additionally, the strong resistances on weekly basis may give support. Bullish continuation is possibel only daily close above this strong resistance area.
SL: 4.1 (last local low) 1. Target: 4.475 ( next resistance on weekly basis) 2. Target: 4.55( next resistance on daily basis)
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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.