Copper – Broken out of a wedge pattern

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Technical Copper – Broken out of a wedge pattern. Weekly: The selloff has posted a correction count on the weekly chart. The 50% Fibonacci retracement is located at 2.628 from 1.936 to 3.320. The bullish engulfing candle on the weekly chart the positive for sentiment. The corrective cycle lower looks to have stalled. Daily:  A break of the short-term downward trending resistance at 2....

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