Setting up for a move
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.
Feragatname
Bilgiler ve yayınlar, TradingView tarafından sağlanan veya onaylanan finansal, yatırım, işlem veya diğer türden tavsiye veya tavsiyeler anlamına gelmez ve teşkil etmez. Kullanım Şartları'nda daha fazlasını okuyun.