Copper Sell (Short term)
We have seen an impressive bull run on Copper and Copper stocks over the past few months, my calculations / analysis shows that this may now be coming to an end and we should expect a short - term sell off on Copper and Copper stocks in the next coming weeks.
Copper (XCUUSD) will be entering a correction in the second quarter of 2022. At the current price, potential downside is about 22%. My first target for this quarter is 44.09/LB and 33.51/LB is the 'final safe' at which further analysis will be made available.
DISCLAIMER: This is purely educative content and must not be taken as investment advise.
Good luck
Copper (XCUUSD) will be entering a correction in the second quarter of 2022. At the current price, potential downside is about 22%. My first target for this quarter is 44.09/LB and 33.51/LB is the 'final safe' at which further analysis will be made available.
DISCLAIMER: This is purely educative content and must not be taken as investment advise.
Good luck
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