Copper FuturesCopper FuturesCopper Futures

Copper Futures

Copper Futures forum






XAUUSD Gold is forming a bearish engulfing pattern on the 15-minute chart, signaling potential downside momentum.

Key Observations

- Large and tested zone: Higher likelihood of breaking through.
- Hurdle market: Possible retracement from current levels. MGC1! CL1! HG1!
Snapshot


HG1! USA Tarrifs will effect copper prices, prices will drop.

MHG1! Although it looks like a bargain, I would refrain from shorting until we see what the Chinese come up with on 31st.


MHG1! All metals got unloaded and will likely be rebought. This looks like an excellent long opportunity.