Type: Bullish PressureKey Levels:Resistance: 4.7730Pivot: 4.7000Support: 4.6415Preferred Case:Price is near pivot level of 4.7000 in line with 50% Fibonacci retracement. Price can potentially rise up to the 1st resistance level at 4.7730, in line with 78.6% Fibonacci retracement and 78.6% Fibonacci projection. Our bullish bias is further supported by the stochastic indicator where it is at resistance level.Alternative Scenario:Price might also dip towards the 1st support level of 4.6415 in line with a graphical swing low support.Fundamentals:No Major News
from Tickmill Expert Blog - Forex Traders Blog https://www.tickmill.com/blog/hgk2022-copper-futures-or-h1-bullish-pressure"
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