Copper is falling towards the support level, which is a pullback support that lines up with the 23.6% Fibonacci retracement and could bounce from this level to our take profit.
Entry: 5.8699
Why we like it:
There is a pullback support level that aligns with the 23.6% Fibonacci retracement.
Stop loss: 5.7323
Why we like it:
There is a pullback support level that aligns with the 38.2% Fibonacci retracement.
Take profit: 6.0915
Why we like it:
There is a pullback resistance level.
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