What’s Changed?
Last Friday, Rio Tinto shares came under renewed selling pressure, slipping below the GBX 6600 mark. However, since the start of the new trading week, the copper producer has managed to recover and is now trading just above resistance at GBX 6788.
Primary Scenario
In theory, the high of this strong upward move could already be in place. According to our primary scenario, though, we’re allowing for a bit more upside. After that, we expect renewed downward pressure into our Long-Term Entry Range (GBX 4121–GBX 2234).
Last Friday, Rio Tinto shares came under renewed selling pressure, slipping below the GBX 6600 mark. However, since the start of the new trading week, the copper producer has managed to recover and is now trading just above resistance at GBX 6788.
Primary Scenario
In theory, the high of this strong upward move could already be in place. According to our primary scenario, though, we’re allowing for a bit more upside. After that, we expect renewed downward pressure into our Long-Term Entry Range (GBX 4121–GBX 2234).
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🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.
📊 Daily market insights combining macro + Elliott Wave analysis
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
🚀 Spot trends early with momentum, sentiment & price structure
🌐 Join thousands trading smarter at hkcmglobal.com
Pubblicazioni correlate
Declinazione di responsabilità
Le informazioni e le pubblicazioni non sono intese come, e non costituiscono, consulenza o raccomandazioni finanziarie, di investimento, di trading o di altro tipo fornite o approvate da TradingView. Per ulteriori informazioni, consultare i Termini di utilizzo.