Technical outlook and chart setups:
As seen on the 4H chart view presented here, prices are still struck within the trading range of 28.50/60 (support) and 29.10/20 (resistance) for the metal. Intermediary lower supports are lined up at 28.30, and 28.00; while resistances are spread across 29.50, 30.30, 31.10/20, and higher respectively. It should be noted that wave structure still remains constructive till prices remain above 28.00 level. The range breakout above 29.10/20 levels can be expected anytime, hence it is yet strongly recommended to stay long and/or buy intraday dips from here on. Looking higher for now.
Trading recommendations:
Remain long for now, look to buy on dips again, stop is at 27.50, target is open (30.30 and 31.10/20 should be the levels to exit partial long positions).
Good Luck!
