CFD Rame (US$ / lb)Short
A final leg lower for Copper?
Copper looks to be setting up for a very interesting leg cooking here, completely dislocated from others metals. The sell-off looks corrective in nature inside a much larger impulsive move (outside of the scope in this conversation...we'll save that for later). Watch for signs of a turn around current levels (2.7454 - 38.2% retrace).
The target for this final leg lower is ultimately coming in to play at 2.23342 which is the ABC equality target in the corrective major wave.
Best of luck those considering to trade this final bearish leg and loading up on exposure for targets below 2.614 - 2.233.
The target for this final leg lower is ultimately coming in to play at 2.23342 which is the ABC equality target in the corrective major wave.
Best of luck those considering to trade this final bearish leg and loading up on exposure for targets below 2.614 - 2.233.
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