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Copper Futures Highs & Support and Resistance Levels 2.19.2021


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Dear Traders,

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Tomorrow is Friday, Feb. 19th. Reports and numbers for the trading day are below.
I noticed over the years that diff. week days have diff. behavior….
I was running one system in the past that found out its worst performing day was Friday….and coded the system not to trade on Fridays.
I also noticed that Mondays have a better chance of a trend day – perhaps because the longer term traders were able to make decisions based on the weekly charts?
Maybe I am over analyzing….but either way, keeping a trading journal with diff. details on market behavior, reactions to the diff. trading reports, how you acted and traded etc. can provide you with great insight down the road.
Copper reached a new 52 weeks high, highest level since Sept. 2012 – weekly chart for your review below.
Copper Futures Weekly Chart

Good Trading

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