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Copper is testing resistance, potential reversal

Short
CFDs on Copper (US$ / lb) (OANDA:XCUUSD)  
Tickmill Broker  
OANDA:XCUUSD   CFDs on Copper (US$ / lb)
Harmonic Patterns Chart Patterns Trend Analysis Copper copperlong coppershort
113
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harmonicpatterns chartpattern trendanalysis copper copperlong coppershort
Price is approaching our first resistance, in line with our horizontal swing high resistance, 127.2% fibonacci extension and 76.4% fibonacci retracement where we could see a reversal below this level to our first support target. Stochastic is testing resistance as well, where we could see a reversal below this level.

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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