Copper has to decide

Copper (ETF : JJC) fell through support and below the 200dMA drawing a quite a frightening picture at that point.

It managed to get above the 200d MA again

It tested the resistance level around 54.3 (previous support) and the support level of the 200d MA

It failed to break both and has now the weekend to think over and to decide what to do on monday.

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