Copper: Watching 6.630–6.660 for a Bearish Rejection

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Copper: Watching 6.630–6.660 for a Bearish RejectionCopperCAPITALCOM:XCUUSDjheslerCopper’s conditional short scenario depends on how price behaves on a rebound into the 6.630–6.660 zone marked by the white box. The recent decline makes the response to that rebound the key area of interest. The preferred sequence is a push into the zone, a rejection, and then a lower-high retest. If sellers regain control after that sequence, 6.522 is the first support level to watch. The solid yellow path illustrates this possibility; the shape and spacing of the drawing are schematic. A break of 6.522, followed by failure to reclaim it, would bring 6.434 into focus as the next support area. That extension is dashed because it depends on the first support giving way. A strong defence of 6.522 would require the outlook to be reassessed. WHAT WOULD CHANGE THE VIEW? A sustained 4-hour hold above 6.66 would weaken this scenario. Reclaiming and holding 6.69 would change the bearish view. This is a 1-hour chart outlook for the next 1–3 trading sessions, with illustrative timing. Simply reaching the white box does not establish a short entry: rejection and price confirmation matter. These levels refer to CAPITALCOM:XCUUSD and may differ from other copper contracts or broker feeds. DISCLAIMER This idea is for educational and informational purposes only. It is not financial advice or a recommendation to buy or sell. Trading involves risk, particularly with leverage, and capital can be lost. Do your own research and use risk management appropriate to your circumstances. No outcome is guaranteed.