Copper Aug Daily Chart Has Formed “Right Angled Descending Broadening Wedge” Pattern

Copper Aug daily chart has formed “Right angled descending broadening wedge” pattern. The last few sessions been in sideways trend along with some corrections inside the channel.

The market is expected to continue on bearish momentum based on the current price action, once the same breaks below a key support holding at 431.

The downside rally could be testing all the way through 428-425 levels in the upcoming sessions. Alternatively, if the key support holds strong then the market might retest the same and turn bullish. 

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