Technical analysis

Copper Wave Analysis 6 May, 2021

• Copper broke resistance level 455.00

• Likely to rise to resistance level 480.00

Copper recently broke the minor resistance level 455.00 (which reversed the price in the last few trading sessions).

The breakout of the resistance level 455.00 accelerated the active impulse waves 3 and (5).

Given the strong daily uptrend – Copper is likely to rise further toward the next resistance level 480.00 (target price for the completion of the active intermediate impulse sequence (5)).

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