Copper is facing bearish pressure, potential for further drop
Price is facing bearish pressure from our first resistance in line with our 23.6% fibonacci retracement and horizontal pullback resistance where we could see a further drop below this level. Ichimoku cloud is showing signs of bearish pressure as well, in line with our bearish bias.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully
understand the risks
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results