Copper futures surged to 864, but signs of exhaustion hint at a possible pullback.
Key points:
Trend: Bullish momentum is strong but showing signs of fatigue.
Support/Resistance: 830 is solid support; 864, a stubborn resistance.
Indicators: RSI suggests overbought conditions; watch moving averages.
Volume: Declining volume hints at weakening bullish sentiment.
Chart Patterns: Look for signals like double tops for confirmation.
Conclusion: Stay cautious; 830 pivotal. Manage risk wisely.
(Note: This is not financial advice. Always do thorough research or consult a financial advisor before trading.)
Key points:
Trend: Bullish momentum is strong but showing signs of fatigue.
Support/Resistance: 830 is solid support; 864, a stubborn resistance.
Indicators: RSI suggests overbought conditions; watch moving averages.
Volume: Declining volume hints at weakening bullish sentiment.
Chart Patterns: Look for signals like double tops for confirmation.
Conclusion: Stay cautious; 830 pivotal. Manage risk wisely.
(Note: This is not financial advice. Always do thorough research or consult a financial advisor before trading.)
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.
Clause de non-responsabilité
Les informations et publications ne sont pas destinées à être, et ne constituent pas, des conseils ou recommandations financiers, d'investissement, de trading ou autres fournis ou approuvés par TradingView. Pour en savoir plus, consultez les Conditions d'utilisation.