Copper Futures (HG1!) H4 | Potential Bullish Breakout
Type:
Bullish Breakout
Key Levels:
Resistance: 4.462
Pivot: 4.377
Support: 4.323
Preferred Case:
Looking at the H4 chart, the price is rising toward a potential breakout level where the bullish momentum could drive the price to rise toward the 1st Resistance at 4.462.
Alternative Scenario:
Price may reverse off the Pivot at 4.377 and fall towards the 1st Support at 4.323.
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Desmond Leong runs an award-winning research firm (The Technical Analyst finalists 2018/19/20 for Best FX and Equity Research) advising banks, brokers and hedge funds. Backed by a team of CFA, CMT, CFTe accredited traders, he takes on the market daily using a combination of technical and fundamental analysis.