CME COMEX: HG Copper futures prices forecast, down to 2.55 - Commodity Trading Today
It seems time has come to sell Copper futures. The opportunity to sell comes again.
Copper prices have been on the rise since early this year. The current level seems to be too high. It is likely to fall to around 2.55. The important price line is 2.735. In the long run, it is likely to drop to around 2.1. I do not know how fast it will go down.
[Copper futures price daily chart, CME COMEX: HG, OANDA CFD]
Copper prices have been on the rise since early this year. The current level seems to be too high. It is likely to fall to around 2.55. The important price line is 2.735. In the long run, it is likely to drop to around 2.1. I do not know how fast it will go down.
[Copper futures price daily chart, CME COMEX: HG, OANDA CFD]