Copper Futures: Short-term trend bullish, long-term bearish
Price and MACD indicate convergence and the RSI doesn´t indicate overbought conditions. My bet is to go long in the short-term, but don´t expect the bulls to break through the resistance. The long-term downtrend is still strong and the highs of the MACD start to level off and will probably soon decline, indicating a trend reversal.
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Please, maintain proper position sizing and risk management!
VF Investment can not be held responsible for any financial damages suffered from following our well-funded but personal opinions and trading ideas.
Please, maintain proper position sizing and risk management!
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