Copper (spot) - Intraday - We look to Sell at 2.3800 (stop at 2.4050)
Broke the sequence of 7 positive daily performances. Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible. Prices have reacted from 2.4300. The bearish engulfing candle on the daily chart is negative for sentiment. We look for a temporary move lower.
Our profit targets will be 2.3300 and 2.3000
Resistance: 2.3800 / 2.4000 / 2.4300
Support: 2.3620 / 2.3500 / 2.3300
Broke the sequence of 7 positive daily performances. Although the bulls are in control, the stalling positive momentum indicates a possible turnaround is possible. Prices have reacted from 2.4300. The bearish engulfing candle on the daily chart is negative for sentiment. We look for a temporary move lower.
Our profit targets will be 2.3300 and 2.3000
Resistance: 2.3800 / 2.4000 / 2.4300
Support: 2.3620 / 2.3500 / 2.3300
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