Copper Futures (HG1!) H4 | Potential Bullish Bounce
Copper Futures (HG1!) H4 | Potential Bullish Bounce
Type:
Bullish Reversal
Key Levels:
Resistance: 4.66
Pivot: 4.45
Support: 4.30
Preferred Case:
Looking at the H4 chart, my overall bias for copper futures (HG1!) is bullish due to the price trading close to a support level where it has bounced off strongly previosly. The price could hit the Pivot once more before reversing to rise towards the 1st Resistance at 4.66.
Alternative Scenario:
Price may break below the Pivot at 4.45 and fall towards the 1st Support at 4.30.