• Copper broke support zone
• Likely to reach support level 390.00
Copper recently broke the support zone lying between support level 401.4 (low of the previous minor correction (a)) and the 50% Fibonacci retracement of the upward impulse from the start of February.
The breakout of this support zone accelerated the active minor impulse wave (c).
Copper is likely to fall further toward the next support level 390.00 (50-day moving average, target for the completion of the active impulse wave (c); this level stopped previous wave (4)).
- 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…
The monthly ADP labour market report showed that America created 192K new jobs in April, above…
Bears showed strength ahead of the FOMC decision. U.S. indices sagged on Tuesday as investors…
Market Picture Bitcoin's closing price on Tuesday became the lowest since late February, confirming the…
- Ebay under the bearish pressure - Likely to fall to support level 51.00 Ebay…
This website uses cookies