COPPER (XCU/USD) – Week 14 – Messy middle.
Last week, Copper moved slowly in-between the resistance and the support.
In the coming days, we anticipate that the Copper price will gain some small bullish steam until it will hit the $4.2 level. Afterward, we expect the resistance area to do its job and the bullish correction to continue dropping towards the liquidity pool area.
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 anticipate that the Copper price will gain some small bullish steam until it will hit the $4.2 level. Afterward, we expect the resistance area to do its job and the bullish correction to continue dropping towards the liquidity pool area.
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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