Copper bullish sentiment may face reversal, Peter Brandt notes

Copper bullish sentiment may face reversal, Peter Brandt notes
Copper faces technical pattern risk

Peter Brandt, founder and CEO at Factor LLC, highlights an alternative technical analysis for copper. He observes that while most traders are bullish on copper, the December contract may be showing signs of a possible triple price and RSI non-confirmation. Brandt also points to a rising wedge pattern, indicating the market could soon resolve in either direction.

Brandt has previously highlighted the resurgence of price walls in bitcoin, drawing parallels to 2021 market patterns in recent analysis. He has also outlined his criteria for identifying credible trading gurus online, emphasizing the importance of due diligence in a separate advisory. These insights add to his record of technical observation and market commentary.

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