Trade of the Day Copper

Copper is testing the uptrend support 

 

Copper is testing the uptrend support confluence 4.4000. A break below this support would mark the end of the uptrend channel and could lead to a downside swing to 3.9890. A break above this level would lead to a swing upside and a test of the rising wedge resistance 4.6000. We could have another medium-term uptrend swing to 5.0000.

Note: look for a long trade entry with the stop loss below 4.4060

 

 

Copper price action trading analysis

 

 

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