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Copper prices are facing bearish pressure, potential reversal

Oleh Tickmill
Broker
Copper prices are reversing nicely from our first resistance and facing bearish pressure from our descending trend line where we could see a reversal below this level. Ichimoku cloud and 20 EMA are showing signs of bearish pressure as well, in line with our bearish 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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