COMEX E-Mini Copper Chart (NY Close): $3.650 // -0.088 // -2.35%

Prices completed a bearish Rising Wedge chart pattern with a break through the formation’s support. Sellers are now testing below the 38.2% Fibonacci retracement at 3.642. A break downward confirmed on a daily closing basis exposes the 50% level at 3.596. Near term support-turned-resistance is in the 3.715-18 area.

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