Copper is setting up for a move here.
Long case:
Sitting on trendline
Right in major support zone
Could break small downtrend
There is some momo divergence
Short case:
COT is bearish
DX picking up steam
Major yearly/monthly/weekly trend is down
At this point it would be long above 2.80 and short below 2.72. In either case I would wait for a break and retest of support on smaller timeframes.
The key here will remain to be how the DX acts and influences the entire commodity complex.
Long case:
Sitting on trendline
Right in major support zone
Could break small downtrend
There is some momo divergence
Short case:
COT is bearish
DX picking up steam
Major yearly/monthly/weekly trend is down
At this point it would be long above 2.80 and short below 2.72. In either case I would wait for a break and retest of support on smaller timeframes.
The key here will remain to be how the DX acts and influences the entire commodity complex.
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免责声明
这些信息和出版物并不意味着也不构成TradingView提供或认可的金融、投资、交易或其它类型的建议或背书。请在使用条款阅读更多信息。