Copper recently broke the resistance zone lying between the resistance level 272.50 (top of the previous impulse wave A) and the 50% Fibonacci correction of the previous downward impulse from April.
The breakout of this resistance zone should accelerate the active impulse wave C of the medium-term ABC correction (2).
Copper is expected to rise further toward the next resistance level 280,00 (multi-month high from July and the target for the completion of wave C).
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
- GBPAUD reversed from support level 1.9135 - Likely to rise to resistance level 1.9360…
This website uses cookies
