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Copper dropped 3.8% this week, breaking key support at 6.15
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ticker lesson
Breakdown
0:00lesson
Copper — bearish, 3.8% weekly drop
- Copper down 3.8% weekly
- Lost 50-day MA support
- Failed 615 line resistance
0:30lesson
Copper — parallel channel trend
- 4-year parallel channel intact
- Higher lows and highs
- Lower timeframe may delay rally
1:00lesson
Copper — bear pennant formation
- 2-hour chart shows bear pennant
- Definite bear signs forming
- Technical analysis confirms weakness
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