Copper is approaching support, potential for a further rise!

Price is approaching our first support in line with our horizontal overlap support and 38.2% Fibonacci retracement, where we remain bullish above this level. A short term rise above first support at 3.50883 towards first resistance at 3.57843 could be possible. It is also worth noting that price is now above EMA (55), which shows bullish pressure in line with our analysis.

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