Copper Wave Analysis – 21 April, 2020

• Copper broke daily up channel
• Likely to fall to 202.00

Copper earlier fell sharply breaking the support trendline of the narrow daily up channel from March – which accelerated the active impulse wave C.

The recently approached the key support level 215.00 (which stopped the previous corrections (iv) and B).

Copper is expected to fall further toward the next support level 202.00 (low of the previous impulse wave (iii) and the target for the completion of the active wave B).