Copper recently reversed down from the resistance area lying between the key resistance level 223.00 (which has been reversing the price from the middle of March) and the 38.2% Fibonacci correction of the previous sharp impulse wave (c).
The downward reversal from this resistance area started the active short-term correction (b).
Copper is likely to fall further toward the next round support level 205.00 (target price for the completion of the active wave (b)).
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