Copper Wave Analysis 10 February, 2021

• Copper broke key resistance level 370.00

• Likely to rise to resistance level 390.00

Copper recently broke through the key resistance level 370.00 (which stopped the earlier sharp upward impulse wave 1 at the start of January).

The breakout of the resistance level 370.00 accelerated both of the active impulse waves (iii) and 3 – which belong to wave (5) from October.

Copper is likely to rise further toward the next resistance level 390.00 (target price for the completion of the active impulse wave (iii)).