Copper is currently hovering near the 4.68152 🔼 resistance after rebounding from the 4.50280 🔽 support. Price is reacting to the 50-period SMA, which is slightly above current levels and may act as a dynamic resistance. The overall structure remains mixed with recent lower highs, but bulls have stepped in at key support.
Support at: 4.50280 🔽, 4.27241 🔽, 4.04129 🔽
Resistance at: 4.68152 🔼, 4.83230 🔼, 4.95323 🔼
Bias:
🔼 Bullish: A breakout and retest above 4.68152, and ideally a clean move above the 50 SMA, could signal bullish continuation toward 4.83230 and 4.95323.
🔽 Bearish: A strong rejection at 4.68152 or a drop below 4.50280 could send price back toward 4.27241.
📛 Disclaimer: This is not financial advice. Trade at your own risk.
Support at: 4.50280 🔽, 4.27241 🔽, 4.04129 🔽
Resistance at: 4.68152 🔼, 4.83230 🔼, 4.95323 🔼
Bias:
🔼 Bullish: A breakout and retest above 4.68152, and ideally a clean move above the 50 SMA, could signal bullish continuation toward 4.83230 and 4.95323.
🔽 Bearish: A strong rejection at 4.68152 or a drop below 4.50280 could send price back toward 4.27241.
📛 Disclaimer: This is not financial advice. Trade at your own risk.
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.
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.