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CFDs on Copper (US$ / lb)
Long

XCUUSD Ito climb from upside confirmation, potential bounce!

By Tickmill
Broker

XCUUSD to climb from its upside confirmation at 2.42679 where it could potentially bounce further to 2.52549.
Price is testing our resistance where a break above this level would provide the bullish acceleration to our first resistance level , in line with our 61.8% fibonacci retracement and horizontal swing high resistance. Ichimoku cloud is also showing signs of bullish pressure in line with our bullish bias.
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Chart PatternsHarmonic PatternsTrend Analysisxcuusd (Copper)xcuusdlongxcuusdshort
Tickmill
Broker
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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