Copper Technical outlook:
Copper Sept future daily chart has formed “Falling wedge”
pattern. There were few sideways rallies within the channel
in the last few sessions, while the market has closed in
strong red on last one. The market is expected to continue
on bearish momentum based on the current price action,
once the same break below the current key support holding
near 694. The downside rally could be testing all the way
up to 691-688 levels in the upcoming sessions.
Alternatively, if the market struggles to break the support
level, then it might revise the trend to bullish/sideways
mode. Key resistance holds at 703.
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