Type: Bullish ContinuationKey Levels:Resistance:3.9600Pivot:3.6885Support:3.5545Preferred Case:Looking at the H4 chart, my overall bias for HG1! is bullish due to the current price being above the Ichimoku cloud , indicating a bullish market. If this bullish momentum continues, expect price to possibly continue heading towards the resistance at 3.9600, where the previous swing high is.Alternative Scenario:Price may head back down towards the pivot at 3.6885 where the 28.2% Fibonacci lien is.Fundamentals:There are no major news.
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/copper-futures-hg1-h4-potential-for-bullish-continuation"
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