Title: COPPER1!, Daily Potential for Bullish Continuation
Type : Bullish Momentum
Resistance : 807.00
Pivot: 704.10
Support : 632.70
Preferred Case: On the H4, with price moving above the ichimoku cloud , we have a bullish bias that price may continue moving towards the resistance at 807.00, slightly below where the 78.6% Fibonacci line is.
Alternative scenario: Alternatively, price may head back down to retest the pivot at 704.10, where the 100% Fibonacci projection line is.
Fundamentals: no major news
Type : Bullish Momentum
Resistance : 807.00
Pivot: 704.10
Support : 632.70
Preferred Case: On the H4, with price moving above the ichimoku cloud , we have a bullish bias that price may continue moving towards the resistance at 807.00, slightly below where the 78.6% Fibonacci line is.
Alternative scenario: Alternatively, price may head back down to retest the pivot at 704.10, where the 100% Fibonacci projection line is.
Fundamentals: no major news
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