Copper has formed a Doji Evening-like top and reversal pattern (circled — not textbook perfect, but nevertheless) and appears poised for a correction. The top and reversal occur after copper almost reached the minor resistance at around 457.70, as seen on the weekly chart. The strength indicator, RSI, is showing divergence with RSI values declining while copper prices have been rising, suggesting trend exhaustion. The medium-term weekly chart demonstrates how copper has reached the Fibonacci 0.786 level of the descending triangle-like pattern, marked by two vertical arrows. just below the 457.70 peak Medium-term, the ... (full story)