• 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).
Market picture Crypto market capitalisation has been up 2% over the past seven days and…
- Adobe reversed from support zone - Likely to rise to resistance level 500.00 Adobe…
- EURGBP 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…
This website uses cookies