Copper remains defiant
Following up on earlier heads up on copper.
Battling here (hourly) with the 38.2% Fibo retracement but it also, possibly, seems to be building on an I-shs. Somewhat remarkable given the context of risk markets. Next hurdle is test of the 50% Fibo at 3.85 but the size of that I-shs suggests we may be in for a test of 4.25 (close to 75% retracement)
Battling here (hourly) with the 38.2% Fibo retracement but it also, possibly, seems to be building on an I-shs. Somewhat remarkable given the context of risk markets. Next hurdle is test of the 50% Fibo at 3.85 but the size of that I-shs suggests we may be in for a test of 4.25 (close to 75% retracement)
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