COPPER (XCU/USD) – Week 40 – Strong bullish signs.

In our last week’s analysis, we anticipated the pair to consolidate above the orange trendline and head towards the resistance area. Instead, the price corrected deeper than expected and at the end of the week it finally broke the trendline again, but this time looks like a more solid breakout.
In the coming days, we foresee the pair to consolidate around this area and head towards the first resistance 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.