Technical analysis

Copper Wave Analysis 30 April, 2021

• Copper broke resistance level 435.00

• Likely to rise to resistance level 470.00

Copper recently broke the key resistance level 435.00 (top of the previous impulse wave 1 from February).

The breakout of the resistance level 435.00 accelerated the active minor impulse wave 3 of the intermediate impulse wave (5) from January.

Copper is likely to rise further toward the next resistance level 470.00 (target price for the completion of the active impulse wave (5)).

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