• Copper under bullish pressure
• Likely to rise to resistance level 8200.00
Copper under the bullish pressure after the earlier breakout of the resistance trendline of the daily Triangle from July.
The breakout of the Triangle accelerated the active short-term impulse wave (c) – which belongs to the ABC correction 2 from the end of September.
Copper can be expected to rise further toward the next resistance level 8200.00 (top of this Triangle and the target for the completion of the active correction 2).
- EURCHF falling inside minor impulse wave 5 - Likely to fall to support level…
- USDCHF reversed from resistance zone - Likely to fall to support level 0.8860 USDCHF…
The US dollar is at two-year highs. Factors such as changes in the Fed's monetary…
The crypto market is experiencing a decline, with a potential further drop in value. Bitcoin…
- EURGBP reversed from support zone - Likely to rise to resistance level 0.8300 EURGBP…
- EURJPY broke resistance zone - Likely to rise to resistance level 165.00 EURJPY currency…
This website uses cookies