So far Long. But bearish reversal if 2.6938 crossed.

16 Tem 2018

Copper is on important crossroads. It has so far rebounded on the 1st 1W support at 2.69388. This is a medium term bullish signal towards 2.85479 as 1D is already easing the previous oversold MACD = -0.081, Highs/Lows = -0.0468, B/BP = -0.1300. 4H is already on neutral STOCH, ADX, Williams, Highs/Lows, steady enough to sustain this bullish counter-leg. The current trade is long, TP = 2.85479 but if 2.69388 breaks, then we'll take a short towards the 2nd 1W support (2.45945) with TP = 2.45945.