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MeruEU

Copper (HG1!) - Idea

Short
Copper Futures (COMEX:HG1!)  
MeruEU  
COMEX:HG1!   Copper Futures
Technical Indicators Chart Patterns Trend Analysis Copper Copper Futures HG1! Metals
2
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indicator chartpattern trendanalysis copper hg1! metals
hey guys,

Yearly inside Bar - possible continuation of uptrend. 4.6400 is THE level to break on a Yearly close.

Quarterly: Bearish Candles with a long wick. --> Setup is Bearish

Monthly: A shooting star with a bearish Engulfing Candle. Stochastics Bearish -> at a yearly Key Level.
This confirms the Quarterly Bearish Bias …
Bearish Setup:
Sell at a valid Resistance level with a goal to retest the 4.000 and 3.5400 area.

Note: This bearish Setup will be invalid with a close above 4.4600 on the Monthly Chart.

Thanks for reading

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