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Copper Possible Short Copper has recently broken a downtrend line which had acted as weekly resistance since June 2018 and it is now at the critical level of 2.90-2.95 which is a previous support turned resistance. RSI is at its highest since August 2017. A possible pullback to 2.60 level which had held the market multiple times before is possible.
Copper Buy / Sell Based on FIBO / Gann - INTRADAYAs per my analysis Copper is on Buy Trend correction
So Sell at 509.40 Stop loss at 510.40 and expected targets 506.10
After correction Buy at 506.10 Stop loss 504.90 Target expected 509.40 / 511.70
Note : BUY IS THE MOST PREFERRED TREND
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Copper Buy / Sell Based on FIBO / Gann - INTRADAYAs per my analysis Copper is on Buy Trend correction
So Sell at cmp 505.50 Stop loss at 509.30 and expected targets 505.10
After correction Buy at 505.10 Stop loss 504 Target expected 508.40 / 510.05
Gann And Fibonacci Always rocks Follow us and support us and help us to grow
Copper Buy / Sell Based on FIBO / Gann - INTRADAYAs per my analysis Copper is on Buy Trend Correction
So Sell near 508 Stop loss at 508.95 and expected targets 505.80
Buy at 505.80 Stop loss 504.50 Target 509.10 / 511.50
NOTE : BUY IS THE MOST PREFERRED TREND
Gann And Fibonacci Always rocks Follow us and support us and help us to grow
Copper Buy / Sell Based on FIBO / Gann - INTRADAYAs per my analysis Copper is on Range bound So sell near 507.10 Stop loss level at 508.40 Target Expected 503.20 / 501
or Buy at 501.10 Stop loss at 499.80 and expected targets 505.30 / 507.10
NOTE : WHICH EVER ENTRY TRIGGERS FIRST BE ON THAT SIDE AND LEAVE THE OTHER VIEW
Gann And Fibonacci Always rocks Follow us and support us and help us to grow
Copper Buy / Sell Based on FIBO / Gann - INTRADAYAs per my analysis Copper is on Buy Trend correction So sell near 507 Stop loss level at 508.40 Target Expected 503.20
after correction buy at 503.20 Stop loss at 502.10 and expected targets 507.30 / 510.10
NOTE BUY IS THE MOST PREFERRED TREND/TRADE
Gann And Fibonacci Always rocks Follow us and support us and help us to grow
Copper Buy / Sell Based on FIBO / Gann - INTRADAYAs per my analysis Copper is on Buy Trend So buy near 509.30 Stop loss at 508.20 and expected targets 513.10 / 517.60
Expecting time to trigger our buy entry is 4 PM . If today"s high is safe before our entry .
Gann And Fibonacci Always rocks Follow us and support us and help us to grow
Short $COPPER We ended last week with a doji candle at the trendline from the 2011 highs and with RSI hovering around overbought levels.
Copper's weekly and monthly close will be foreshadowing for markets into US Presidential Elections on November 3, 2020.
Trade idea is a sell stop (or buy stop) above on a daily candle close below (or above) weekly doji candle.
For updates, follow me on Twitter @FomoFutures.
Copper Buy / Sell Based on FIBO / Gann - INTRADAYAs per my analysis Copper is on Buy Trend correction So wait and sell at 499.20 Stop loss level at 500.30 Target Expected 497 / 495.80
after correction buy at 495.80 Stop loss at 494.40 and expected targets 501.80
Gann And Fibonacci Always rocks Follow us and support us and help us to grow
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As commodities & metals start to recover on the international markets, commodity currencies are likely to gain significantly against
the greenback.