Copper is facing bullish pressure, potential for further upside

١٩ فبراير ٢٠٢١

Copper bounced nicely from our support level to hit our resistance target previously. Price is facing bullish pressure from our intermediate support, in line with our horizontal swing low support, 38.2% fibonacci retracement where we could see a further upside above this level. Ichimoku cloud is showing signs of bullish pressure as well, in line with our bullish bias.