August 17, 2020 at 03:51PM

• Copper broke daily down channel from

• Likely to rise to 299.00

Copper recently reversed up from the support level 280.00 (low of the (A)-wave of the previous intermediate corrective wave (2) from July).

The upward reversal from the support level 280.00 started the active medium-term impulse wave (3).

Having just broken the daily down channel from July – Copper is likely to rise further toward the next resistance level 299.00 (top of the previous sharp impulse wave (1)).

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From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/copper-wave-analysis-17-august-2020-20200817/
Selected by fonecable.com

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