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Copper prepares for the takeoff
Copper is consolidating at the support zone, preparing for the upswing. November-December are the best seasonal months for this commodity according to the 15-year seasonal historical studies. Metals group is being pushed higher amid the "soft landing" narrative starting to evolve in the markets. Precious metals are already on the move, Copper might be next.
Today is the second day of recovery which gives a decent timing for building a long position with a first target of $4.7, and next possible targets above this area.
Don't forget - this is just the idea, always do your own research before taking any risk.
Today is the second day of recovery which gives a decent timing for building a long position with a first target of $4.7, and next possible targets above this area.
Don't forget - this is just the idea, always do your own research before taking any risk.
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