Copper Wave Analysis – 26 June, 2020
June 26, 2020 @ 17:37 +03:00
• Copper reversed from resistance level 270.00
• Likely to fall to 260.00
Copper recently reversed down from the resistance level 270.00 (which stopped the previous medium-term ABC correction (2)) and the upper daily Bollinger Bad.
The downward reversal from this resistance level is aligned with the active short-term impulse wave (b). Copper is likely to fall further toward the next support level 260.00 (likely price for the completion of the active minor correction (b)).