Copper (XCUUSD) On a Key Level! Bearish Forecast
Copper reached a peculiar zone of confluence:
we see a perfect match of a horizontal daily structure, resistance line of a rising wedge pattern and fib.levels of the last major bearish legs.
based on that the chances are high the price will retrace to the support of the wedge.
also, look for a potential bearish breakout of the wedge.
it will trigger a selling reaction and the price may go even lower.
good luck!
