Technical analysis

Copper Wave Analysis – 15 October, 2021

Copper Wave Analysis – 15 October, 2021

• Copper broke resistance zone

• Likely to test resistance level 480.00

Copper continues to rise after the price broke through the resistance zone lying between the two strong resistance levels – 462.00 and 468.00.

The breakout of these resistance levels accelerated the active multi-impulse upward impulse sequence made out of the impulse waves (iii), 3 and (3).

Copper can be expected to rise further toward the next resistance level 480.00 (former major resistance from May and the target for the completion of the active impulse wave 3).

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