Copper FuturesLong
Copper Bounce? $HG1! at Key Demand Zone!
Updated
Back at a strong demand level on HG1! (Copper futures). The key invalidation is a 4-hour close below 3.92, so I'll be watching closely to manually close.
I'm looking for a potential bounce from here, and if the weekly candle closes bullish, I may consider this a reversal setup. The confluence between the weekly support and the current demand zone gives me confidence to take the trade.
If the move fails, my next level to watch is 3.7 for another potential entry.
Let’s see ifHG1! behaves this time.
HG1! (Copper futures). The key invalidation is a 4-hour close below 3.92, so I'll be watching closely to manually close. I'm looking for a potential bounce from here, and if the weekly candle closes bullish, I may consider this a reversal setup. The confluence between the weekly support and the current demand zone gives me confidence to take the trade.
If the move fails, my next level to watch is 3.7 for another potential entry.
Let’s see if
HG1! behaves this time.Trade active
Holding the level so far. Needs time so I expect little action this week. HG1!
Note
Finally some positive price action.
Reclaims 4.3 and it should be safe!
HG1!
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