Copper prices remain under bearish pressure
Copper prices reversed nicely from our first resistance and are facing bearish pressure from 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 and 20 EMA are showing signs of bearish pressure as well, in line with our bearish bias.
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.