Copper prices are facing bullish pressure, potential bounce

Copper prices are facing bullish pressure from our first support in line with our 23.6% fibonacci retracement and 78.6% fibonacci extension, where we could see a further upside above this level. A break above our upside confirmation level, could provide the bullish acceleration to our first resistance target. Ichimoku cloud and 20 EMA are showing signs of bullish pressure, in line with our bullish bias.