CPER (US Copper Index Fund) offers an objective long entry on this 27% plunge to uptrend line support & hit of my second price target from the highs just a few weeks ago (first chart below) for a reflexive bounce trade. Previous (July 9th) and updated daily charts with bounce targets below.
CPER-daily-July-9th
CPER daily July 31st
For futures traders, /HG (copper futures) also offers an objective long entry on this 27% plunge to uptrend line support for a reflexive bounce trade. Stops on either trade based on one’s preferred price target(s) using a favorable R/R of 3:1 or better. 120-minute chart below.
HG 120m July 31st