Copper is approaching support, potential bounce
Price is facing bullish pressure from our first support, in line with our horizontal pullback support, 38.2% fibonacci retracement and 61.8% fibonacci extension where we could see a further upside above this level. Ichimoku cloud and 20 EMA are showing signs of bullish pressure as well.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results