• Copper broke daily down channel from
• Likely to rise to 299.00
Copper recently reversed up from the support level 280.00 (low of the (A)-wave of the previous intermediate corrective wave (2) from July).
The upward reversal from the support level 280.00 started the active medium-term impulse wave (3).
Having just broken the daily down channel from July – Copper is likely to rise further toward the next resistance level 299.00 (top of the previous sharp impulse wave (1)).
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