Forecast and trading strategy for Copper

  • Jun 03 2022
  • by
  • Analyst AZA
Forecast and trading strategy for Copper

Forecast and trading strategy for Copper

The price of Copper surged 250 pips in the commodity futures market. This price jump has attracted bullish energy traders. We will use a breakout trend trading strategy. As soon as the price breaks the level of 4.580 we will open a long position. You should not count on a long-growing trend, as the price has an obstacle ahead in the form of a strong resistance level. Therefore, we recommend taking profits of 45 pips.

Symbol: COPPER
Order Type: Pending Order - Buy Stop
Entry Price at 4.575
Take Profit at 4.620
Pips Earning: 45

Trading forex strategies:
EURUSD buy at the price of 1.0765
USDJPY buy at the price of 130.05
GBPUSD buy at the price of 1.2590
USDCHF sell at the price of 0.9555

The most popular question of recent days is how to trade stock for beginners. We recommend using the best trade platform for beginners Mobius Trader 7. US forex trading companies offer tight spreads and unlimited trading. The best broker in the US for forex traders is AZAforex. With the trade stock platform MT 7 you can trade on the futures market and the stock market.

How to become an energy trader
The profit can be $450.00 if the trading volume of 10000 Futures.


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