(MENAFN - FxPro)
• Copper reached resistance level 390.00
• Likely to test resistance level 400.00
Copper today broke above the resistance level 390.00 (which was set as the likely upward target in our previous forecast for this instrument).
The breakout of the resistance level 390.00 should accelerate the active multi-impulse price move – made out of impulse waves (v), 3 and (5).
Copper can then be expected to rise further toward the next resistance level 400.00 (target price for the completion of the active impulse waves (v) and 3).
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