Copper prices are approaching our first resistance, in line with our descending trend line where we could see a further drop below this level. A break below our downside confirmation level could see a further drop to our first support target. Ichimoku cloud are showing signs of 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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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.