Copper is retesting the broken rising wedge
Copper has broken below the important rising wedge support 300. A confirmed close above the 310 is required for an upside reversal. For a complete bearish reversal breakout and higher probability short trade entries, we need to see a confirmed break below 292. A break below this level would lead to an extension lower to 275. The overall long-term is downtrend but we need to see a break below 275 for a complete downside reversal extension.
Note – We are more inclined to a short trade with the stop loss above 305
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