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Copper Bears Need to Defend Critical Resistance.

Copper Bears Need to Defend Critical Resistance.


Copper stalls at triple resistance cluster (1).

Since the March lows, Copper has put in an impressive performance, surpassing the February highs without so much as a pullback. Now testing a triple resistance cluster, copper bears desperately need to defend this critical zone to keep the broad negative outlook intact, which began back in mid-2018.

Above resistance and ascending trendline at (1) opens the door to overhead resistance at low 28600s as a first target to watch out for, whilst sending a bullish message to the broader market.



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