XCUUSD Copper Futures Forecast and Trade Opportunity
While commodities get demand, we like to keep an eye on copper where a surge in options trading indicates some supply concerns are creeping into the market.
XCUUSD is pricing at 2.9125 as of writing. Breakout of 2.93 would carry the price 2.96 and 3.00.
We enter a long position at the current level of 2.9125
Stop Loss: 2.86
Target 1: 2.93
Target 2: 2.96
Target 3: 3.00
Conservative traders may wait for the breakout of 2.93 to enter the trade.
Update: We have reached the second target. We will focus on 3.00. We plan to add long at the potential breakout of 3.00 targeting 3.05 and 3.12 median term.
DON’T MISS OUT!! LIMITED TIME OFFER
BASIC PACKAGE MEMBERSHIP 6 MONTHS for $ 219
VERIFIED ACCOUNT AND SETUP RESULTS
Subscribe to our premium packages if you would like to get 1000+ instruments analysis and trade signals of Chartreadreadepro.
You can contact us via Skype User Name: Chartreaderpro
DISCLAIMER: This is a technical analysis study, not advice or recommendation to invest money
COPPER Futures: Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these securities. You should do your own thorough research before making any investment decisions. Chartreaderpro does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Forex involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility