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Joined Jul 18, 2018
supportandresistance
trendanalysis
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If the failed breakdown is to play out, the trigger is the break of 5201 which is quite evident on the 2 hour chart. You have to be stupid not to see it and equally stupid not to go long if it plays out.
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On the weekly, copper had pulled back nicely to the 382 fib confirming the retracement - expect it to continue the uptrend.
1
Look at that chart! Hit the 50 fib line perfectly! And look left! More confluence with previous support! Target will be the 272 fib line at 1733.5.
5
PA pullbacked on Friday off it's ATHs to a significant level, at the 50 fib and also previous resistance/support level - good for a long right now! Target is up to the 272 fib level at around 2020!
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