Copper continues to fall after the recent breakout of the support area lying between the support level 290.00, support trendline from January and the 61.8% Fibonacci correction of the previous upward impulse from March.
The breakout of this support area accelerated the active short-term ABC correction 2 from the strong resistance level 297.00.
Copper is expected to fall further and re-test the next support level 285.00 (target price for the completion of the active wave 2).
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