Last week, Copper was fast paced and broke out of the consolidation area, as Chinese markets closed for the week-long Lunar New Year holiday after four days of rapid gains that boosted the price to a new eight year high. For this week we are expecting a small corrective move that will ultimately act as a bullish trigger that would push the price higher in the near future.
Trade with care.
Best regards, Financial Flagship
Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.
Are you expecting any more pullbacks this week? A trade to short HG at 4.18 was presented to me, prior to the pullback at 2:30 AM, but it looks like that is over now.
financialflagship
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Hi @dryanhawley, we published the analysis for this week (week 8).