Await for a close below the Fib Line

٧ مارس ٢٠١٧

Copper as seen has been on an aggressive rally and is largely correlated with the AUDUSD. If a break below the Fib along with the already broken trend line then expect a nice retracement to approx half the movement upwards, e.g. the 50% fib area which coincidences with the yearly pivot.