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(H1) Bullish Trend Sequence Intact

COPPER TECHS
  • RES 4: $332.20 - High Dec 28, 2017 (cont)
  • RES 3: $331.55 - High Jun 7, 2018 (cont)
  • RES 2: $327.15 - High Jun 13, 2018 (cont)
  • RES 1: $326.95 - High Nov 16
  • PRICE: $320.70 @ 12:02 GMT Nov 19
  • SUP 1: $310.45 - Low Nov 10
  • SUP 2: $302.80 - Low Nov 2 and the bear trigger
  • SUP 3: $298.10 - 61.8% retracement of the Oct 2 - 21 rally
  • SUP 4: $292.50 - 76.4% retracement of the Oct 2 - 21 rally

Copper futures are unchanged and remain firm having recently cleared $321.05, Oct 21 high and $321.20, the Nov 9 high. The recent break higher confirms a resumption of the bull trend clearing the way for a move towards $327.15 next, Jun 13, 2018 high (cont). The move higher also maintains the bullish price sequence of higher highs and higher lows with moving average studies in a bull mode too. Initial firm support is seen at $310.45.

Energy BulletsCommodities
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