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XCUUSD facing bearish pressure from 1st resistance !

Short
CFDs on Copper (US$ / lb) (OANDA:XCUUSD)  
Tickmill Broker  
OANDA:XCUUSD   CFDs on Copper (US$ / lb)
Trend Analysis Harmonic Patterns Chart Patterns xcu USD xcuusd (Copper) forexsignals
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trendanalysis harmonicpatterns chartpattern xcu usd xcuusd forexsignals

Price is facing bearish pressure from our first resistance in line with our 38.2% fibonacci retracement and horizontal swing high resistance, where we could see a further drop to our first support target. Stochastics is showing signs of bearish pressure as well, in line with our bearish bias.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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