Tuesday, 24 September 2019 01:20 GMT

Copper Wave Analysis 10 September, 2019

(MENAFN - FxPro)

  • Copper reversed from resistance area

  • Further losses are likely

Copper recently reversed down from the resistance area lying between the key resistance level 264.00 (former monthly high from April), upper daily Bollinger Band, 100-day moving average and the 50% Fibonacci correction of the previous downward impulse from July.

The downward reversal from this the resistance area started the active short-term impulse wave 3 – which belongs to the medium-term impulse wave (3) from July.

Copper is expected to fall further and retest the next support level 257.50 (former resistance from August).


Copper Wave Analysis 10 September, 2019


  Most popular stories  

Day | Week | Month