• Copper reversed from support zone
• Likely to rise to resistance level 420.00
Copper recently reversed up from the support zone located between the round support level 400.00 (which has been reversing the price from March), 200-day moving average and the lower daily Bollinger Band.
This support zone was further strengthened by the 61.8% Fibonacci correction level of the previous upward impulse from January.
Given the prevailing uptrend, Copper can be expected to rise further toward the next resistance level 420.00 (former monthly low from the middle of July).
- Nasdaq 100 reversed from strong support level 21000.00 - Likely to rise to resistance…
- USDJPY reversed from key support level 156.35 - Likely to rise to resistance level…
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…
This website uses cookies
