Anglo is at an important area which will dictate the next possible leg.
While price stays above R536 on the daily, a possible counter trend pullback is possible to test R590 or higher...
A break below opens the gates to R460
Consequently copper is close to a key bounce area of 3.18 which will help this counter if it finds support
Note: Price is below the medium term trendline and outside of the broadening formation
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
While price stays above R536 on the daily, a possible counter trend pullback is possible to test R590 or higher...
A break below opens the gates to R460
Consequently copper is close to a key bounce area of 3.18 which will help this counter if it finds support
Note: Price is below the medium term trendline and outside of the broadening formation
-- MANAGE YOUR RISK - -
Disclaimer: All ideas are my opinion and should not be taken as financial advice.
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Copper levels i'm watching
Copper levels i'm watching
