Copper Futures (HG1!) H4 | Potential Bulliish Reversal

Type:

Bullish Reversal

Key Levels:

Resistance: 4.31

Pivot: 4.24

Support: 4.18

Preferred Case:

Looking at the H4 chart, my overall bias for copper futures (HG1!) is bullish due to the price trading within a bullish channel. The price could reverse off the Pivot and rise towards the 1st Resistance at 4.31.

Alternative Scenario:

Price may break below the Pivot at 4.24 and fall towards the 1st Support at 4.18.