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Tickmill

Copper is facing bearish pressure, potential reversal

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CFD de cobre (US$/libra) (OANDA:XCUUSD)  
Tickmill Corretora  
OANDA:XCUUSD   CFD de cobre (US$/libra)
Trend Analysis Harmonic Patterns Chart Patterns Copper copperlong coppershort
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trendanalysis harmonicpatterns chartpattern copper copperlong coppershort
Price is facing bearish pressure from our first resistance, in line with our horizontal pullback resistance and 61.8% fibonacci retracement where we could see a reversal below this level to our first support target. Ichimoku cloud and EMA are showing 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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