COPPER (XCU/USD) – Week 22 – New top on the cards.
In our previous analysis, we expected Copper to test the support level before resuming the bullish trend. Instead, the price started the bullish move without testing the support level.
In this context, we expect a pullback to occur around the orange trendline that will act as a trigger for a bullish move that will break the previous high.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
In this context, we expect a pullback to occur around the orange trendline that will act as a trigger for a bullish move that will break the previous high.
Trade with care.
Best regards,
Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
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