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Copper is facing bearish pressure, potential for further drop

Short
CFD Rame (US$ / lb) (OANDA:XCUUSD)  
Tickmill Broker  
OANDA:XCUUSD   CFD Rame (US$ / lb)
Trend Analysis Harmonic Patterns Chart Patterns Copper copperlong coppershort
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trendanalysis harmonicpatterns chartpattern copper copperlong coppershort
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.

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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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