COPPER (XCU/USD) – Week 26 – Expecting another drop.
Last week, we correctly anticipated Copper to start a correction that will push the price towards the resistance level.
In the coming days, we are expecting the pullback to end around the confluence between the trendline and the resistance area, before dropping towards a new low.
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 the coming days, we are expecting the pullback to end around the confluence between the trendline and the resistance area, before dropping towards a new low.
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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