Market Snapshots

Copper Wave Analysis 20 November, 2020

Copper Wave Analysis 20 November, 2020

• Copper broke resistance level 320,00

• Likely to rise to 340,00

Copper rising strongly after the price broke above the key resistance level 320,00 (which stopped the two previous sharp upward impulse waves (1) and 1)

The breakout of the resistance level 320,00 continues the predominant daily uptrend and should further accelerate the active impulse waves 3 and (3).

Copper is likely to rise further toward the next resistance level 340,00 (target price for the completion of the active impulse wave 3, intersecting with the daily up channel from April).

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