The periodic Copper technical analysis update.
Disclaimer: This is a purely technical view and no fundamentals have been harmed in the process.
The periodic Copper technical analysis update.
Disclaimer: This is a purely technical view and no fundamentals have been harmed in the process.
The long- term bull trend remains intact but showing signs of maturing.
In this report we speculate on the medium-term possible development of a trend ending formation, with consequent corrective price action.
This technical pattern is currently the preferred stance, but still requires near term price action to develop within defined parameters, as final confirmation.
The longer- term view on Brent is important as confirmation of the medium-term stance.
A large trend should materialize on completion of the current consolidation phase.
Excerpt