• Copper reversed from support level 347.60
• Likely to rise to 364.20
Copper recently reversed up from the pivotal support level 347.60 (which has been reversing the price from the start of December, as can be seen below) – standing near the upper trendline of the daily up channel from June and the 38.2% Fibonacci correction of the upward impulse from November.
The upward reversal from the support level 347.60 started the active medium-term impulse wave (5).
Copper is expected to rise further toward the next resistance level 364.20 (top of the previous impulse wave (3)).
Dow Jones: ⬇️ Sell - Dow Jones reversed from resistance level 49000.00 - Likely to fall…
Comcast: ⬆️ Buy - Comcast broke resistance area - Likely to rise to resistance level 31.00…
Platinum: ⬆️ Buy - Platinum broke resistance level 1800.00 - Likely to rise to resistance…
Silver: ⬆️ Buy - Silver broke resistance zone - Likely to rise to resistance level…
The Fed is in no hurry to cut rates, and Hassett is unlikely to accelerate…
Crypto market faces renewed downward pressure; Bitcoin may drop further, with diverging forecasts for 2026…
This website uses cookies