So far Long. But bearish reversal if 2.6938 crossed.

16 thg 7, 2018

Copper is on important crossroads. It has so far rebounded on the 1st 1W support at 2.69388. This is a medium term bullish signal towards 2.85479 as 1D is already easing the previous oversold MACD = -0.081, Highs/Lows = -0.0468, B/BP = -0.1300. 4H is already on neutral STOCH, ADX, Williams, Highs/Lows, steady enough to sustain this bullish counter-leg. The current trade is long, TP = 2.85479 but if 2.69388 breaks, then we'll take a short towards the 2nd 1W support (2.45945) with TP = 2.45945.