Technical analysis

Copper Wave Analysis 26 November, 2020

Copper Wave Analysis 26 November, 2020

• Copper rising inside impulse waves (iii), 3 and (3)

• Likely to reach 350,00

Copper continues to rise inside the sharp upward impulse waves (iii), 3 and (3) – which previously broke above the key resistance 320,00 (which stopped the previous impulse waves (1) and 1).

The breakout of the resistance 320,00 is aligned with the clear multi month uptrend that can be seen on the daily Copper charts.

Copper is likely to rise further toward the next resistance level 350,00 (target for the completion of wave (3) intersecting with the daily up channel from April).

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