Copper recently reversed down from the resistance area lying between the key resistance level 262.00 (former strong support from October, November and December), 38.2% Fibonacci correction of the sharp downward impulse from January and the upper daily Bollinger Band.
The downward reversal from this from the resistance area stopped the previous short-term ABC correction 2.
Copper is likely to fall further toward the next support level 258.00 (target price for the completion of the active short-term impulse wave (i)).
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
- GBPAUD reversed from support level 1.9135 - Likely to rise to resistance level 1.9360…
This website uses cookies