COPPER at Key Resistance: Will Sellers Push Toward 4.5230?

13 Feb

COPPER has reached a significant resistance level, marked by prior price rejections and strong selling pressure. This area has historically acted as strong supply, suggesting the potential for a bearish reversal if sellers regain control.

If the price confirms a rejection within this supply zone, I anticipate a move downward toward the 4.5230 level. This setup suggests the possibility of a retracement after the recent upward movement.

Traders should look for bearish confirmation signals, such as bearish engulfing candles or strong rejection wicks, before entering short positions.

23 Feb

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