Jun. 26 at 2:01 PM
$NRED.CSE at C
$1.51 is giving the chart a much better shape than it had near C
$1.33. The important part is not just the bounce - it is the reclaim of C
$1.45–1.50 after price compressed into the lower demand zone. If C
$1.50 now holds on a pullback, the setup starts looking like a base rather than a temporary reaction.
The next technical steps are clear: C
$1.55 is the first confirmation level, C
$1.65 is where momentum could accelerate, and C
$1.75–1.80 is the zone that would fully repair the short-term structure. Above that, C
$1.97–2.00 remains the major breakout gate. A close through that area with stronger volume would put C
$2.12–2.21 back on the map.
What I like here is the risk/reward geometry: support is close, the upside ladder is visible, and the copper backdrop through
$FCX,
$HBM and
$COPX can help sentiment. For now, C
$1.50 is the pivot. Hold it, and the chart starts telling a much more bullish story.
$NRED.CSE
