Copper is facing bullish pressure

2020年10月16日

We caught the bounce nicely from our first support and remain bullish above this level. Price is facing bullish pressure from our intermediate support in line with our 38.2% fibonacci retracement and horizontal pullback support where we could see a further push up above this level. Ichimoku cloud is showing signs of bullish pressure in line with our bullish bias.
Trading CFDs on margin carries high risk.
Losses can exceed the initial investment so please ensure you fully understand the risks