Copper recently reversed up from the support area lying between the support level 262,50 (which has been reversing the price from October), lower daily Bollinger Band and the 50% Fibonacci correction of the previous sharp upward impulse C from October.
The upward reversal from this support area created the daily Japanese candlesticks reversal pattern Bullish Engulfing. .
Copper is expected to rise further toward the next resistance level 270,00 (top of the previous wave 2).
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies
