Copper is pulling back to test resistance, potential reversal
Price is facing bearish pressure from our first resistance, in line with our horizontal pullback resistance, 100% Fibonacci extension and 50% fibonacci retracement where we could see a reversal below this level to our first support target. Ichimoku cloud and 20 EMA are showing signs of bearish pressure as well, in line with our bearish pressure.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results