When you look at the copper chart on smaller timeframes, it looks to be consolidating at these levels. Since 11th January has retested the lows and has been rejected several times. Then go back to look at Dec, Jan and Feb 2021 and it is starting to look like the same pattern. Consolidating.
Still early yet to call with 100% certainty but looks promising. Using TA & chart pattern principles the Copper COMEX will attain a target price of around US$6.01/Lb within the next 9-18 months.
It's very difficult to accurately chart indices as there are so many global factors that come into play, but for the moment I like what I see.
When you look at the copper chart on smaller timeframes, it...
-
- There are more pages in this discussion • 11 more messages in this thread...
You’re viewing a single post only. To view the entire thread just sign in or Join Now (FREE)
Add CYM (ASX) to my watchlist
 (20min delay)
|
|||||
|
Last
4.4¢ |
Change
0.002(4.76%) |
Mkt cap ! $67.08M | |||
| Open | High | Low | Value | Volume |
| 4.1¢ | 4.4¢ | 4.1¢ | $164.2K | 3.856M |
Buyers (Bids)
| No. | Vol. | Price($) |
|---|---|---|
| 11 | 867805 | 4.0¢ |
Sellers (Offers)
| Price($) | Vol. | No. |
|---|---|---|
| 4.4¢ | 634685 | 3 |
View Market Depth
| Last trade - 16.10pm 21/06/2024 (20 minute delay) ? |
| CYM (ASX) Chart |