Dear All,
In our last update we told you that Positional Trader can go short on Copper between 446--456 for target below 400 levels. let see how price action has unfolded ...
From 448 levels we have seen Copper has declined ....Copper made Spinning top on Weekly charts and held exactly at 70.7% ret ... more on charts below .
As per current price action ....Positional Trades can Short copper between 441--445 target 397 and more down side levels with stoploss of 452 .
Conservative Traders Short only below 440 with stoploss of 452 for targets 397 and below targets .
Short to Medium term : Bearish
Long term : Bearish
Thanks & Regards
Abhay Mehrotra
In our last update we told you that Positional Trader can go short on Copper between 446--456 for target below 400 levels. let see how price action has unfolded ...
From 448 levels we have seen Copper has declined ....Copper made Spinning top on Weekly charts and held exactly at 70.7% ret ... more on charts below .
As per current price action ....Positional Trades can Short copper between 441--445 target 397 and more down side levels with stoploss of 452 .
Conservative Traders Short only below 440 with stoploss of 452 for targets 397 and below targets .
Short to Medium term : Bearish
Long term : Bearish
Abhay Mehrotra
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