• Copper reached resistance level 390.00
• Likely to test resistance level 400.00
Copper today broke above the resistance level 390.00 (which was set as the likely upward target in our previous forecast for this instrument).
The breakout of the resistance level 390.00 should accelerate the active multi-impulse price move – made out of impulse waves (v), 3 and (5).
Copper can then be expected to rise further toward the next resistance level 400.00 (target price for the completion of the active impulse waves (v) and 3).
The recent declines in US indices may have broken the bullish trend, indicated by technical…
The dollar has paused its strengthening, as weaker-than-expected inflation data reduces fear of future Fed…
Bitcoin finds support near the 50-day moving average, but further declines in the stock market…
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
This website uses cookies