Copper is approaching resistance, potential reversal

Price is facing bearish pressure from our first resistance, in line with our 78.6% Fibonacci extension and 76.4% fibonacci retracement where we could see a reversal below this level to our first support target. Stochastic is showing signs of bearish pressure as well, in line with our bearish pressure.

Chart PatternsCoppercoppershortHarmonic PatternsTrend Analysis

This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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