Both below their 200-day Moving Average's and both sitting within Fib. retracement zones.
Crude has been in this persistent selling channel for 13-days already (as though waiting for a catalyst to break out in either direction).
Copper - has a 50% Fib. projection which aligns with its 61.8% retracement level right around the $3.38-$3.4 area. The moving averages sure seem to be setting up in a bearish orientation.
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