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COPPER1!, H4 Potential For Bearish Continuation

41153 copper1 h4 potential for bearish continuation

Type: Bearish MomentumKey Levels:Resistance: 768.05Pivot: 760.90Support: 738.5Preferred Case:On the H4, with price moving below the ichimoku cloud , we have a bearish bias that price will drop from the pivot at 760.90 in line with the overlap resistance and 61.8% fibonacci projection to the 1st support at 738.5 in line with the horizontal swing low.Alternative Scenario:Alternatively, price may rise from the pivot to the overlap resistance at 768.05 in line with the 38.2% fibonacci retracement .Fundamentals:No major news

Source: Tickmill

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