Xcuusd (Copper)
Copper is approaching support, potential bounce! 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.
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Losses can exceed the initial investment so please ensure you fully
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Copper is testing resistance, potential reversal Price is facing bearish pressure from our first resistance and descending trend line, where we could see a further drop below this level to our first support target, in line with our horizontal swing low support and 100% fibonacci extension. Stochastic is facing bearish pressure as well.
Copper is facing bearish pressure from our first resistance Price is facing bearish pressure from our first resistance and descending trend line, where we could see a further drop below this level. A break below our downside confirmation level at 2.82402 could provide the bearish acceleration to our first support target. RSI is facing bearish pressure as well.
Copper is facing bearish pressurePrice is facing bearish pressure from our first resistance and descending trend line, where we could see a further drop below this level. A break below our downside confirmation level at 2.77082 could provide the bearish acceleration to our first support target. RSI is facing bearish pressure as well.
XCUUSD to reverse from downside confirmation, potential drop!
XCUUSD to reverse from its downside confirmation at 2.82960 where it could potentially drop further to 2.70502.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks.