• Pattern formed- Bearish Bar pattern
   
• Potential Reversal Zone (PRZ) -2.95
   
• Copper breaks the high of 2.733 and jumped till 2.752 at the time of writing. It is currently trading around 2.699.
   
• Copper prices jumped more than 20% in the past one month on account of increasing Chinese demand and decreasing ware house stocks.
   
• On the higher side, major resistance is around 2.95 and any break above confirms minor trend reversal, a jump till 3.26 (127.2% retracement of 2.952 and 1.935)/3.630 in the short term.
   
• The commodity next immediate support is around 2.54 (3- day EMA) and any break below targets 2.28 (10- day MA)/2 in the short term.
  
  It is good to sell on rallies around 2.75-2.80 with SL around 2.95 for the TP of 2.28