Copper Futures 1M chart
The first wave of Fibonacci extension that started in March 2020 seems to have peaked. The next level is located far above the sky. It's not a strange position to be down here. Well, looking at the 1-hour chart, there is no upward momentum yet. This is a very large timeframe. So, don't take too much into consideration for the current trading. I'll keep watching and update
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