Copper Wave Analysis – 21 September , 2018

September 21, 2018 at 12:58PM

• Copper broke resistance zone • Further gains are likely Copper continues to rise after the earlier breakout of the resistance zone lying between the resistance level 272.00, 50-day moving average and the 50% Fibonacci correction of the previous sharp downward impulse 5 from July. The breakout of this resistance zone accelerated the active short-term impulse wave 3, which belongs to the medium-term impulse wave (3) from the start of September. Copper is expected to rise further and retest the next resistance level 285.00 (top of the previous minor correction 4 from the end of July). Continue Reading…

Author Wave Tech Analysis | FXPro
Selected by SYFX+

Leave a Reply