Trade Idea: Bearish Reversal
Copper price has once again bounced back to the final resistance level (the 3rd time). Since mid September, price has been trading in a bearish channel, supported by poorer & poorer data coming out of China. Look for a potential reversal as the market resume pricing in poor economic datas coming from China, trade war dispute & global decline in investments & confidence.
Trade Step-up: Short
Scenario One: Price rejects a break from the final resistance level. Look to profit at 2.6500
Scenario Two: Price reverses and continues its reversal all the way to key support level. Look to profit below 2.5800.
Copper price has once again bounced back to the final resistance level (the 3rd time). Since mid September, price has been trading in a bearish channel, supported by poorer & poorer data coming out of China. Look for a potential reversal as the market resume pricing in poor economic datas coming from China, trade war dispute & global decline in investments & confidence.
Trade Step-up: Short
Scenario One: Price rejects a break from the final resistance level. Look to profit at 2.6500
Scenario Two: Price reverses and continues its reversal all the way to key support level. Look to profit below 2.5800.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.
Penafian
Maklumat dan penerbitan adalah tidak dimaksudkan untuk menjadi, dan tidak membentuk, nasihat untuk kewangan, pelaburan, perdagangan dan jenis-jenis lain atau cadangan yang dibekalkan atau disahkan oleh TradingView. Baca dengan lebih lanjut di Terma Penggunaan.