Copper Futures (HG1!) H4 | Potential Bulliish Reversal
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.