Copper has been falling in the last few trading sessions after the earlier downward reversal from the resistance area lying between the strong resistance level 282.00 (which has been reversing the price from August) and the upper daily Bollinger Band.
This resistance area was further strengthened by the 38.2% Fibonacci retracement of the previous sharp medium-term downward impulse wave from the start of June.
Copper is expected to fall further and re-test the next key support level 265.00 (low of the previous wave (b) from the end of Octobers).
The dollar experienced a sell-off but rallied back up by the end of the week.…
The new week will be packed with economic data and decisions from key central banks.…
Despite economic factors working against the dollar, its oversold condition helped it this week or…
USDCAD: ⬇️ Sell - USDCAD reversed from key resistance level 1.4500 - Likely to fall…
Solana: ⬆️ Buy - Solana reversed from the long-term support level 113.75 - Likely to…
Adobe: ⬇️ Sell - Adobe broke round support level 400.00 - Likely to fall to…
This website uses cookies
