Copper: Anticipating Potential Reversals Amid Bullish Trend

8 de jul.

Following a rebound at the $4.3320 Demand area, copper has started a bullish upside movement. In our analysis, we have identified two potential reversal points that align with recognized Supply areas and the seasonal trend analysis. These areas are critical for our strategy, as they indicate possible turning points in the current uptrend.

Additionally, within these identified areas, there is a confluence of Fibonacci levels. While these Fibo levels are secondary in importance compared to the Supply and Demand analysis, they still provide valuable insights into potential resistance points.

Given this comprehensive analysis, we are looking for short positions as copper approaches these key Supply areas. The confluence of seasonal trends, Supply area recognition, and secondary Fibonacci levels supports our anticipation of potential reversals, making this an opportune moment to prepare for short trades.

✅ Please share your thoughts about Copper in the comments section below and HIT LIKE if you appreciate my analysis. Don't forget to FOLLOW ME; you will help us a lot with this small contribution.