COPPER (XCU/USD) – Week 17 – New top expected.
Last week, the Copper price increased and broke the resistance, despite our analysis in which we anticipated the price will drop from that level.
In the coming days, we anticipate that we will break the top and then go in a “stop hunt” phase that can push the price down towards the support 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 we will break the top and then go in a “stop hunt” phase that can push the price down towards the support 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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