Interestingly this one tears my tech vs fundo brain, copper prices are rising output is high and strikes in Chile are over.
All things considered this should be a long. Taking a clear look at the volume data the highs have been rejected twice with big volume. Not only that the moves down have been followed by volume confirmation.
A move to the main value area is my first target at 850p, If copper prices keep rising there could be a good chance this short position is invalid.
All things considered this should be a long. Taking a clear look at the volume data the highs have been rejected twice with big volume. Not only that the moves down have been followed by volume confirmation.
A move to the main value area is my first target at 850p, If copper prices keep rising there could be a good chance this short position is invalid.
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