Copper continues to fall after the recent breakout of the support area lying between the support level 290.00, support trendline from January and the 61.8% Fibonacci correction of the previous upward impulse from March.
The breakout of this support area accelerated the active short-term ABC correction 2 from the strong resistance level 297.00.
Copper is expected to fall further and re-test the next support level 285.00 (target price for the completion of the active wave 2).
- 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
