Copper approaching resistance, potential drop!Copper reversed off its resistance at 3.01222 where it could potentially drop further to 2.93563. A break below our downside confirmation level could provide the bearish acceleration to our first support target.
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Losses can exceed the initial investment so please ensure you fully understand the risks.
Coppershort
Copper is facing bullish pressure, potential for further upside Copper is approaching 3.00712 where it could potentially rise further to 3.09457. A break above our intermediate resistance level at 3.06076 could provide the bullish acceleration to our first resistance target.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Copper broke key support level, potential for further dropPrice broke a key support level previously and is facing bearish pressure from our 20 period EMA, Ichimoku cloud and descending trend line, where we could see a drop to our first support target.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks
Copper to climb from upside confirmation, potential bounce!Copper to climb from its upside confirmation at 3.03976 where it could potentially bounce further to 3.08186.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks.
Copper Buy / Sell Based on FIBO / Gann - INTRADAYAs per my analysis copper is on Sell Trend
So sell at 517.30 Stop loss 518.70 Target 512 / 508.30
Always stick to strict entry exit and stop loss level . +/- 0.10 paise is considered as entry or exit
Fibonacci and GANN always rocks........ Support us , Follow us and Research with us
Copper Buy / Sell Based on FIBO / Gann - INTRADAYAs per my analysis copper is on Sell Trend
So sell at 510.50 Stop loss 511.70 Target 507.50 / 505.20
Always stick to strict entry exit and stop loss level . +/- 0.10 paise is considered as entry or exit
Fibonacci and GANN always rocks........ Support us , Follow us and Research with us
Copper Buy / Sell Based on FIBO / Gann - INTRADAYas per my analysis Copper is on sell trend correction so
Buy at 501.40 Stop loss 500 Target expected 506.30
after correction sell at 506.30 Stop loss 507.65 Target 501.40 / 498.55
NOTE : Sell is the most preferred trend
Fibonacci and GANN always rocks follow us , support us and research with us
Copper Futures Daily chart Analysis The market is currently at 50 % Fibo level which indicates the end of the short retracement and the beginning of a new impulse move.
There is a high probability that the market will reach 2.4056. and if prices broke that level, the market will look for the red resistance level.
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