Copper recently reversed up with the daily Bullish Engulfing from the support area lying between the key support level 290.00 (which also reversed the price at the start of April), support trendline from January and the lower daily Bollinger Band. This support area created daily Morning Star earlier this month.
The upward reversal from this support area started the active short-term impulse wave 3.
Copper is expected to rise further and re-test the next resistance level 297.00 (which reversed previous waves (1) and 1).
CHFJPY: ⬆️ Buy - CHFJPY reversed from support area - Likely to rise to resistance…
Exxon Mobil: ⬆️ Buy - Exxon Mobil reversed from support area - Likely to rise…
Welcome to Pro News Weekly! Here’s what is shaping the markets: 💵 The U.S. dollar…
• EURUSD falls due to geopolitics and expectations of tariff removal • Gold returns to…
Platinum: ⬇️ Sell - Platinum reversed from pivotal resistance level 150.00 - Likely to fall to…
Baidu: ⬇️ Sell - Baidu reversed from resistance zone - Likely to fall to support level…
This website uses cookies
