• Copper rising inside impulse wave 3
• Likely to test the resistance level 312.00
Copper continues to rise after the earlier sharp upward reversal from the support area located between the key support level 280.00, lower daily Bollinger Band and the 38.2% Fibonacci retracement of the earlier upward impulse from May.
The upward reversal from this support area started the active short-term impulse wave 3 belonging to the impulse sequence (3) from August.
Copper is likely to rise further toward the next resistance level 312.00 (top of the previous impulse wave 1 from September).
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…
- GBPAUD reversed from key support level 1.9135 - Likely to rise to resistance level…
Silver has lost 2.6% since the start of the day on Tuesday to $26.4 per…
This website uses cookies