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For Trader From Club iNSIDER: Copper – long bias

Post Views: 414 Copper tests a strong support zone: 50 FiboHorizontal and diagonal support at 440/445TD Prop zone with accumulation of buy limit ordersDem oscillator holds in oversold without breaking – ongoing downward correctionPrice action does not confirm rebound from support: After the engulfing, there is a new lower lowSequential with downward countdownBreak of 50MA We are monitoring the price action in the zone for confirmation of the reversal. The first sign will be the daily bar closing above 454. The correction has the potential to test the 435/440 zone. The breakout of the downward trend will trigger a flag formation for trend resumption. Upon retesting the breakout, there will be a good entry opportunity, confirmed by the breakout of…

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 Head of Trading Dimitar Kalapov

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