COPPER

By Mariya Markova

LME Copper

, 4 hours

long

#Technical

#Bullish

Range

Resistance 1 4.000
Quote Price 3.97273
Support 1 3.82243

On the 4 hour chart, we can see that we now have a key upward trendline that is defining the current uptrend. In case we get a bigger pullback, this is where we can expect the buyers to step in with a defined risk below the trendline to position into the 4.03 level with a better risk to reward setup. The sellers, on the other hand, will want to see the price breaking lower to increase the bearish bets into the 3.82 level.