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$5: Copper Aiming for New ATH

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One of the best looking and yet under-rated commodities chart has to be of COPPER.

I know Gold and Silver bugs don't usually get strayed with non-precious metals but technicals are surely juicy if you are able to take a multi year position. My guess is it will be early 2023 when we break through the new ATH.

Notice the divergence of price and OBV + a successful 'price action' breakout in the last 3 months. Wait for another 3 months to absolutely confirm the pattern and then off you go.

Even the last two volume candles are strong (>=MA) which shows consolidation under place.
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Copper hits target 1 $3.8
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Copper does delight at $4.35. Aiming for a $5 breakout soon

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Will close trade at $5 - I mean this was the easiest trade of 2021 #copper

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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.