Copper is approaching support, potential bounce
Price is testing our first support and ascending trend line and we could see a further push up to test our first resistance target at 3.70402. 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 as well, 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