Copper Pushing Higher? & Support and Resistance Trading Levels 4.06.2022 - Support & Resistance Levels

Support & Resistance Levels

This Blog provides futures market outlook for different commodities and futures trading markets, mostly stock index futures, as well as support and resistance levels for Crude Oil futures, Gold futures, Euro currency and others. At times the daily trading blog will include educational information about different aspects of commodity and futures trading.

Copper Pushing Higher? & Support and Resistance Trading Levels 4.06.2022

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Tomorrow we have crude oil numbers followed by FOMC minutes.
Both stocks and energies were significantly lower in today’s trading.
Curious on learning more on the different economic reports and what they mean for the markets you trade? CLICK HERE

Moving Markets

May Copper tried pushing higher today but met heavy selling pressure around 4.86 levels.
Does the market have enough strength to test the 5.00 mark again? Or will it visit 4.64 first?
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Copper Futures Daily Chart
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Trading Futures, Options on Futures, and retail off-exchange foreign currency transactions involves substantial risk of loss and is not suitable for all investors.  You should carefully consider whether trading is suitable for you in light of your circumstances, knowledge, and financial resources. You may lose all or more of your initial investment. Opinions, market data, and recommendations are subject to change at any time when it comes to Futures Trading.

Futures Trading Levels

04-06-2022

Futures Support and Resistance Levels 4.06.2022

 

 

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Economic Reports, Source: 

Forexfactory.com

 

 

This is not a solicitation of any order to buy or sell, but a current market view provided by Cannon Trading Inc. Any statement of facts here in contained are derived from sources believed to be reliable, but are not guaranteed as to accuracy, nor they purport to be complete. No responsibility is assumed with respect to any such statement or with respect to any expression of opinion herein contained. Readers are urged to exercise their own judgement in trading.

Posted in: Future Trading News   | Metal Futures  

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  • Using Bollinger Bands and Parabolics
  • Using range Bars for Day-Trading
  • The concept of Price Confirmation
  • How to Use Support & Resistance Levels
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