CFD Rame (US$ / lb)Short
Copper prices are approaching resistance, potential reversal
Copper prices are facing bearish pressure from our first resistance in line with our horizontal swing high resistance, 61.8% fibonacci retracement and 100% fibonacci extension where we could see a reversal below this level. Stochastic is approaching resistance 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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