Hello traders,
The significant drop in copper prices since May 2024 can be attributed to the overall correction in global commodity prices and the influence of macroeconomic factors.
Copper prices, which have historically been a crucial indicator of the global commodity market, have seen a substantial downward trend since May.
Check on the weekly right chart, it could make a new low down to FIBO 618 position where is also a support structure.
On 4h chart, we could wait for a new sideways price action before new entry to confirm selling signal, down to test target zone around 4.2471 .
GOOD LUCK!
LESS IS MORE!
The significant drop in copper prices since May 2024 can be attributed to the overall correction in global commodity prices and the influence of macroeconomic factors.
Copper prices, which have historically been a crucial indicator of the global commodity market, have seen a substantial downward trend since May.
Check on the weekly right chart, it could make a new low down to FIBO 618 position where is also a support structure.
On 4h chart, we could wait for a new sideways price action before new entry to confirm selling signal, down to test target zone around 4.2471 .
GOOD LUCK!
LESS IS MORE!
액티브 트레이드
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Contact:
Tele: @VeraFuntrader
Wechat: ZIYUVERA
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.
Join Free Telegram Group to get MORE trading skills: t.me/FuntraderVera
Contact:
Tele: @VeraFuntrader
Wechat: ZIYUVERA
Contact:
Tele: @VeraFuntrader
Wechat: ZIYUVERA
면책사항
해당 정보와 게시물은 금융, 투자, 트레이딩 또는 기타 유형의 조언이나 권장 사항으로 간주되지 않으며, 트레이딩뷰에서 제공하거나 보증하는 것이 아닙니다. 자세한 내용은 이용 약관을 참조하세요.