Copper continues to fall inside the medium-term impulse wave (3), which started earlier from the resistance area lying between the key resistance level 285.00 (which has been reversing the price from July), upper daily Bollinger Band and the 38.2% Fibonacci correction of the downward impulse from June.
The active impulse wave (3) belongs to the long-term downward impulse sequence ③ from December.
Copper is expected to fall further and re-test the next strong support level 271.00 (which stopped the previous impulse wave (1)).
Today is Monday, December 15th, and we're going to talk about the Japanese yen, where…
Trump pushes for more Fed rate cuts, while no changes are expected from the ECB…
Crypto market stays near $3T amid correction, ETF inflows rise, sentiment weakens, and volatility expected…
Gold: ⬇️ Sell - Gold reversed from strong resistance level 4350.00 - Likely to fall to…
EURGBP: ⬆️ Buy - EURGBP reversed from support zone - Likely to rise to resistance level…
Filecoin: ⬇️ Sell - Filecoin broke key support level 1.435 - Likely to fall to support…
This website uses cookies
