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Copper is facing bearish pressure, potential reversal

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CFD Rame (US$ / lb) (OANDA:XCUUSD)  
Tickmill Broker  
OANDA:XCUUSD   CFD Rame (US$ / lb)
Trend Analysis Harmonic Patterns Chart Patterns Copper copperlong coppershort
110
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trendanalysis harmonicpatterns chartpattern copper copperlong coppershort
Price is facing bearish pressure from our first resistance, in line with our horizontal pullback resistance and 61.8% fibonacci retracement where we could see a reversal below this level to our first support target. Ichimoku cloud and EMA are showing bearish pressure as well in line with our bearish bias.
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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