Copper upside correction is reaching the end

Copper is testing 3.700

 

Copper is testing the strong upside resistance of  3.7200. A rejection here will lead to a downside extension and a downtrend continuation. A break above this resistance level is required for a complete upside reversal. Copper has formed a rising wedge which is in the process of a downside breakout.

Note: look for the short trade entries with the stop loss above 3.7200

 

 

Copper downside continuation

 

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