Copper

The broad bearish outlook :

After developing the five overlapping waves in a bearish leading diagonal as wave i, Copper is now retracing up in three waves as the wave ii. Under the broader bearish outlook, decline of the following wave iii is probably ahead.

The expected target for extreme of the wave ii is the Fibonacci 0.618 retracement level at 281.25.

Copper - Intraday 360-1Copper - Intraday 600

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