COPPER is being rejected by the long-term resistance
Copper is testing 285 resistance. For the upside extension from here, we need to see a price action break above 285 with significant daily close and confirmation. For a downside reversal and higher probability short trade entries, we need to see a break below 278. Pair reached previously 285 uptrend channel resistance which is a strong confluence of resistance zone coupled with long-term falling trend line and horizontal resistance. The overall trend is the upside but a confirmed here could be used as a short trade opportunity.
Note – We are inclined to short trade entries here with the stop loss above 285
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