Copper prices could see a further upside
Copper prices bounced nicely from our support level previously. We maintain a bullish view on Copper, prices are facing bullish pressure from our first support level, in line with our 61.8% fibonacci retracement, graphical support area and 161.8% fibonacci extension where we could see a bounce above this level to our first resistance target. Ichimoku cloud and EMA are showing signs of bullish pressure as well, in line with our bullish bias.
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