Market Snapshots

Copper Wave Analysis – 26 June, 2020

Copper Wave Analysis – 26 June, 2020

• 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)).

Article Rating