Copper downside continuation

Copper is reversing lower from the important resistance

 

Copper has been rejected from 3.6 after the bounce. This could be the most important indication, that the downtrend which is targeting 2.2 in extension, could resume. The upside correction is losing its strength and has formed a bearish wedge.

Note: look for the short trade entries with the stop loss above 3.6

Copper downside extension

 

 

 

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