HG Long — $HG Copper pulling back cleanly into 6.498 support aft

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HG Long — $HG Copper pulling back cleanly into 6.498 support aftCopper FuturesCOMEX:HG1!mnktrdHTF (4h): HG printed an ATH near 6.67 in late May, sold off sharply to 6.19 by early June (structurally a corrective swing), then staged a strong recovery leg — series of higher lows from 6.19 through 6.39 to the current 6.49–6.50 zone. The most recent 4h structure shows HH/HL sequence re-establishing with the Jun 11 impulsive thrust off the 6.19 low. Price is now consolidating just under the 6.55–6.56 supply zone (Jun 14 high 6.562, prior 4h resistance cluster). The pullback off 6.562 into the 6.48–6.50 shelf is orderly — candles are small, wicks balanced. LTF (1h): After tagging 6.562 on Jun 14 20:00, price has drifted lower in a controlled shallow pullback through Jun 15 morning, bottoming near 6.471 (Jun 15 08:00 low) and now lifting back to 6.487–6.498. The micro-structure shows a HL forming at 6.471 with the 06:00–09:00 candles failing to make new lows and the 10:00 bar recovering to 6.498 — a clean LTF trigger (micro-BOS off the pullback low). Entry at quote 6.498. Stop placed below the Jun 15 intraday swing low at 6.471 minus 0.5× ATR (0.014) = 6.457, using 6.458. Target is the Jun 14 swing high / supply cluster at 6.56, placing target just in front at 6.598 — the next structural objective is the 6.60–6.62 area which has been tested before; 6.598 keeps the target realistic and in front of that supply. R/R: |6.598−6.498| / |6.498−6.458| = 0.10 / 0.040 = 2.50. Gate cleared. Regime is long_lean — aligned with LONG. Scan hint is Pullback/LONG 75 — agrees on strategy and side. Research: structural multi-year supply deficit, ATH momentum, Grasberg/Quebrada Blanca disruptions, China sulfuric acid halt, and Jefferies/JPM constructive coverage all reinforce LONG bias (T2 sources); countervailing headwinds (elevated inventories near 1.5Mt, $110 oil macro risk) noted but do not flip side. Base 68; hint +4; regime +5; research net +3 (T2 aligned, headwinds partially offset) → 80. 📍 Entry: 6.4980 🛑 Stop: 6.4580 🎯 Target: 6.5980 ⚖️ R:R: 2.50