Copper recently reversed up sharply from the support area lying between the support levels 250.00 (monthly low from August), 255.00 (monthly low from January) and the lower daily Bollinger Band.
The upward reversal from this support area created the daily Japanese candlesticks reversal pattern Morning Star – its middle candle is also the daily Hammer.
Having recently broken the daily resistance trendline from July – Copper is expected to rise further and retest the next resistance level 263.50 (top of the previous minor correction 2 from August).
- 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
