Copper (HG) Copper Chart Looking Explosive
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.
Copper Futures (HG) Daily Chart
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---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.