• Copper broke support area
• Likely to fall to support level 425.00.
Copper recently broke the support area lying between the support level 443.00 (low of the previous corrections (iv) and A), 50-day moving average and the 50% Fibonacci correction of the upward impulse from the start of April.
The breakout of this support area accelerated the active impulse wave (iii) and C.
Given the strong of the aforementioned price area, acting as resistance zone after it was broken – Copper can then be expected to fall further toward the next support level 425.00.
Today is Monday, December 15th, and we're going to talk about the Japanese yen, where…
Trump pushes for more Fed rate cuts, while no changes are expected from the ECB…
Crypto market stays near $3T amid correction, ETF inflows rise, sentiment weakens, and volatility expected…
Gold: ⬇️ Sell - Gold reversed from strong resistance level 4350.00 - Likely to fall to…
EURGBP: ⬆️ Buy - EURGBP reversed from support zone - Likely to rise to resistance level…
Filecoin: ⬇️ Sell - Filecoin broke key support level 1.435 - Likely to fall to support…
This website uses cookies
