COPPER at Key Resistance: Reversal Toward 4.4380?

7 Feb

COPPER has reached a key resistance level, marked by previous price rejections and significant selling pressure. This area has historically acted as a strong supply area, suggesting the potential for a bearish reversal if sellers regain control.

The current market structure indicates that if the price confirms rejection within this supply zone, we could see a move downward toward the 4.4380 level, which represents a logical target within the current market structure

Traders should watch for bearish confirmation signals, such as bearish engulfing candles or rejection wicks, before entering short positions.

7 Feb

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