Copper prices are approaching support, potential bounce
Copper prices are facing bullish pressure from our first support in line with our 38.2% fibonacci retracement and 78.6% fibonacci extension where we could see a bounce above this level. Ichimoku cloud and EMA are showing signs of bullish pressure, in line with our bullish bias.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results