COPPER (XCU/USD) – Week 11 – Will the resistance hold?

Copper moved slow last week and at the moment is in a middle of a consolidation pattern.
In the coming days, we expect the price to continue its lazy movement towards the resistance area highlighted on the chart.
In our opinion, the chances for a new drop will increase from that point, which may push the price around the liquidity pool located around the 3.80 area.
Trade with care.

Best regards,
Financial Flagship

Disclaimer: The analysis provided is purely informative and it should not be used as financial advice. Remember that you need a plan before you start trading; so, take this knowledge and use it as a guidebook that will ultimately help you understand the market and easily predict your next move.

Chart PatternsCommoditiesCopperorderblockstradeideaTrend AnalysisWave Analysisxcuusd (Copper)

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