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).
- GBPUSD reversed from strong support level 1.2665 - Likely to rise to resistance level…
- USDCAD broke resistance level 1.3950 - Likely to rise to resistance level 1.4050 USDCAD…
The US dollar has strengthened, reaching the upper boundary of its trading range. The British…
Cryptocurrencies continued to surge, pushing the total cap to $3 trillion. Bitcoin has gained nearly…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
- USDJPY broke key resistance level 154.70 - Likely to rise to resistance level 157.20…
This website uses cookies
