Copper recently reversed down fast from the resistance area located between the key resistance level 262.00 (former support from October and November), upper daily Bollinger Band and the 38.2% Fibonacci correction of the earlier downward impulse wave from January.
The downward reversal from this resistance zone started the active impulse wave (iii).
Copper is likely fall further toward the next support level 251.00 (which stopped the earlier impulse wave (i)).
- 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
