analysis
AUD USD
binary option
buy sell
Canadian Dollar
candlestick
charts
day trade
day trading
down trend
ElliottWave
Elliott Wave Theory
EUR
Euro
EUR USD
fibonacci
forecast
Forex
futures
how to trade
Japanese Yen
learn to trade
macd
make money trading
moving average
profitable trading
profits
resistance
spread betting
stochastic
stop loss
support
Technical Analysis
technical commentary
Technicals
technical trading
trade idea
trade signals
trading advice
trading education
trend line
up trend
USD
US dollar
volume
Monday 02 Aug 2021
FWP Network > Forexhound.com > Analysis > Commodities Analysis > Metals > Technical forecast for Copper
Technical forecast for Copper
Metals · analysis, binary option, buy sell, candlestick, charts, day trade, day trading, down trend, fibonacci, forecast
Copper made it to 7442/44 but topped almost exactly here. We do look like we have run out of momentum for this week. Immediate support is 7369/67 but below here we are looking for 7315 possibly a test of good support at 7255/50.
7442/44 remains a challenge today but above here look for May highs of 7480. We are overbought so we should struggle here but if we continue higher look for tough resistance at 7554 this week.