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[/et_pb_code][et_pb_text _builder_version=”4.8.1″ _module_preset=”default”]Alright folks I want to take a look at copper Dr. Copper its ticker h g should be hg on most trading platforms and we’re looking at the front month which is December so h GZ two one and what we’re looking at today is potential small pullback on copper we are getting at levels and maybe a bit overextended. Now economy is certainly heated up, heating up, indices are back positive. We’re watching copper for a potential pullback here, at least near term not seasonally we are approaching a bearish window around the end of October through about November 10 has been this tradesmen positive 80% of time over the last 15 years. Now what I’m looking at here is a pull up into this area of structure right here around the 475 480 mark. And what really gets my interest is if we flip down to the four hour you can see that we’re really starting to see that signs of weakening we have a 123 top employ also a double top here on the four hour so we did get our trend line break. What I’m looking for is a close below this number two and I’ll be looking for first targets right here at 455 for a short term pullback in copper. Now looking over here on the weekly he pullbacks to this area could be warranted as potential buys. Of course we want to make sure we get extra confirmation there on the daily and lower timeframes. But that is an area that we could theoretically pull back to in a bull market.[/et_pb_text][/et_pb_column][/et_pb_row][/et_pb_section]
