Copper recently reversed up from the support area lying between the key support level 290.00 (former powerful resistance level from the end of September) and the lower daily Bollinger Band.
The upward reversal from this support area started the active short-term impulse wave 3 of the impulse (3) –which started earlier from the same support area.
Copper is expected to rise further in the impulse waves 3 and (3) and re-test the next resistance level 300.00 (top of the previous impulse (1)).
- Adobe reversed from support zone - Likely to rise to resistance level 500.00 Adobe…
- EURJPY reversed from support zone - Likely to rise to resistance level 0.8625 EURGBP…
USDJPY was slipping below 153 on Friday morning, a three-week low and having lost over…
Market picture Crypto market capitalisation rose 3.3% in 24 hours to $2.22 trillion. Local capitalisation…
- EURJPY under strong bearish pressure - Likely to fall to support level 163.10 EURJPY…
- WTI broke round support level 80.00 - Likely to fall to support level 76.00…
This website uses cookies
