MujkanovicFX

Copper remains bullish after reaching support

Long
OANDA:XCUUSD   CFDs on Copper (US$ / lb)
The daily chart on Copper shows a strong support around the $2.50 level which lies near the 61.8% Fib level.

The price has recently formed a falling channel, with a broke above signaling a potential continuation of the underlying uptrend. The RSI is in a bullish divergence mode.

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