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Base Metals Technical Analysis - update: possible Copper reversal

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CES Team - New York Desk
By :  ,  CES Team - New York Desk
Oct 2, 2024

Nickel: update: possible Copper reversal

 
  • James Dima
  • Director - Institutional Sales - Professional Trading Group

  • [email protected]

On 9/27, we cited a negative reversal pattern (2nd chart at bottom of page). The next area of support is via 60 minute data.

The 100 hour average (top chart; blue line at 9838) is an aera of support/reduce some shorts.

image-20240930091744-1

Sent: Friday, September 27, 2024 7:03 AM
Subject: possible Copper reversal

LME Copper: monitor for a negative mean reverting close back below the upper Bollinger Band near 10047. Prior similar bearish setups via purple vertical lines.

 

Related tags: Base Metals

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