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Copper (HG) Copper Chart Looking Explosive

Copper (HG) Copper Chart Looking Explosive

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USD Forecast
USD Forecast
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Copper Futures Technical Highlights:

  • Copper futures (HG) descending wedge pattern building
  • A big breakout may be near; bullish and bearish scenarios outlined

Copper (HG) continues to build a descending wedge that could be on the verge of breaking. A breakout above the top-side trend-line of the pattern and beyond 4.4690 should have copper rolling higher. We may see it fail here and stay within the wedge for a bit longer. To turn the pattern bearish a decline below 3.9615 is needed.

For the full details, check out the video above.

Futures for Beginners
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Copper Futures (HG) Daily Chart

Copper futures daily chart

Copper Futures (HG) Chart by TradingView

Resources for Forex Traders

Whether you are a new or experienced trader, we have several resources available to help you; indicator for tracking trader sentiment, quarterly trading forecasts, analytical and educational webinars held daily, trading guides to help you improve trading performance, and one specifically for those who are new to forex.

---Written by Paul Robinson, Market Analyst

You can follow Paul on Twitter at @PaulRobinsonFX

DailyFX provides forex news and technical analysis on the trends that influence the global currency markets.

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