Here we are tracking a base forming in Copper ahead of July Fed. A good time to update the chart, for those following the previous Copper short chart (see attached: "Copper next to lose its shine... Strong Dollar prevails") the offer is naturally expiring with the pivot in Dollar flows.
The invalidation for this setup comes with a daily close below the 2.528 lows whilst to the topside initial targets at 2.826. Taking this key resistance at 2.826 will unlock a very aggressive move to take the 2018 highs out as markets begin pricing recession.
Good luck all those trading this one in live accounts.
The invalidation for this setup comes with a daily close below the 2.528 lows whilst to the topside initial targets at 2.826. Taking this key resistance at 2.826 will unlock a very aggressive move to take the 2018 highs out as markets begin pricing recession.
Good luck all those trading this one in live accounts.
