• Copper reversed from support level 444.00
• Likely to rise to resistance level 470.00
Copper recently reversed up from the support level 444.00 (which has been reversing the pair from the end of April) – strengthened by the lower daily Bollinger Band and by the 50-day moving average.
The upward reversal from the support level 444.00 stopped the previous short-term ABC correction 2.
Given the sharp uptrend – Copper can then be expected to rise further toward the next resistance level 470.00 (top of the previous correction (b)).
- USDJPY broke key resistance level 155.00 - Likely to rise to resistance level 160.00…
- Ebay reversed from support level 49.35 - Likely to rise to resistance level 52.55…
Even though the Bank of Japan left the key rate and parameters of the QE…
Market picture Market Dynamics: The cryptocurrency market stabilised, losing just 0.1% of capitalisation and dropping to…
- GBPCAD reversed from key support level 1.6910 - Likely to rise to resistance level…
- GBPAUD reversed from support level 1.9135 - Likely to rise to resistance level 1.9360…
This website uses cookies