Copper tested May lows at 3.000/2.998 last week but the 3 month bear trend dominates of course so a break lower likely eventually this week & should
Copper tested May lows at 3.000/2.998 last week but the 3 month bear trend dominates of course so a break lower likely eventually this week & should target 2.995 quite quickly then 2.984/82. If we continue lower look for 2.975/72.
Today we have immediate short term trend line resistance at 3.021/22 but above here is less negative & allows a move towards strong resistance at 3.039/40 for a selling opportunity with stops above 3.049.
FX Empire editorial team consists of professional analysts with a combined experience of over 45 years in the financial markets, spanning various fields including the equity, forex, commodities, futures and cryptocurrencies markets.
