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Copper prices are approaching support, potential bounce

Oleh Tickmill
Broker
Copper prices are facing bullish pressure from our first support level, in line with our 50% fibonacci retracement, graphical support area and 7100% fibonacci extension where we could see a bounce above this level to our first resistance target.Stochastic is showing signs of bullish pressure as well, in line with our bullish bias.
Chart PatternsCoppercopperlongcoppershortHarmonic PatternsTrend Analysis
Tickmill
Broker
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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