Copper on the weekly time frame appears to be carving out a five wave decline as the wave 4 high at 3.7930 holds a minimum downside objective of wave five equaling wave one provides a downside objective at 2.8435. The wave 4 on the daily time frame is creating a descending triangle pattern a break of 3.1380 warrant short exposure to target the wave 5 objective.
This analysis is provided as general market commentary and does not constitute investment advice. Past performance is not indicative of future results
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