Market Snapshots

Copper Wave Analysis – 11 September, 2020

Copper Wave Analysis – 11 September, 2020

• Copper reversed from support level 296.00

• Likely to rise to 309.00

Copper toward reversed up once again from the key support level 296.00 (former powerful resistance from July which also stopped the previous wave 2 at the start of September).

The support zone near the support level 296.00 was strengthened by the 38.2% Fibonacci correction of the previous upward impulse wave 1 from the start of August.

Copper is likely to rise further toward the next resistance level 309.00 (top of the previous minor impulse wave 1).

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