Copper consolidating at key level pending rebound!

16 июн. 2021 г.

Hello everyone. Copper has dropped to the key level with a big red candle yesterday! Now, the small candle indicate temporary balance between buyers and sellers.

What' next? If you look at the daily chart, this is a nice level to buy with flip zone structure.

Down below, 4.1340 is another fantastic buying level confluence with long-term MA.

Fundamentally, economy is still in the process of recovery, the pent-up demand will require more copper as it is widely used in our everyday life. In my opinion, the cycle is not over yet.

ETF would be a good option for investors to join in. CPER is the United States Copper Index Fund for your reference.

CPER

17 июн. 2021 г.

Заметка

alright. On the hourly chart, price formed a lower low pattern. It seems to retest the below level. I still recommend buy the dip. The cycle is not over yet.

23 июн. 2021 г.

Заметка

Copper rebounded from the key level, though it's the second defense level I marked originally.