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Copper is approaching resistance, potential reversal

Short
CFD Rame (US$ / lb) (OANDA:XCUUSD)  
Tickmill Broker  
OANDA:XCUUSD   CFD Rame (US$ / lb)
Trend Analysis Harmonic Patterns Chart Patterns Copper copperlong coppershort
110
4
trendanalysis harmonicpatterns chartpattern copper copperlong coppershort
Price is facing bearish pressure from our first resistance, in line with our 100% Fibonacci extension and 78.6% fibonacci retracement where we could see a reversal below this level to our first support target. Ichimoku cloud is 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
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