Technical Forecast for Copper


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.


 


Copper is stuck in a range. Trend line resistance at 3.300/040 did hold the topside as predicted & should do so again today. However above here look for a selling opportunity at 3.3240/3275. Over night we have reached the target of 3.2595 but the outlook remains negative & we could test support at 3.2450/2400. 

ENTER TO WIN $500 IN STOCK OR CRYPTO

Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!



 


Below here look for last week’s low & the 100 day moving average at 3.2225/2200 for a buying opportunity. Just be aware of short term trend line resistance at 3.2845 on any bounce this morning.


27% profit every 20 days?

This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.