Copper is approaching supoprt, potential bounce
We maintain a bullish view on Copper. Copper prices bounced nicely above our first support level previously. Currently, prices are approaching our first support level, in line with our 61.8% fibonacci retracement, graphical support area and 61.8% fibonacci extension where we could see a bounce above this level to our first resistance target. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.
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