Copper is approaching support, potential bounce
Copper prices are approaching our support, in line with our horizontal swing low support, 78.6% fibonacci retracement and 100% fibonacci extension where we could see a bounce above this level to our first resistance target. Stochastic is 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