0
0
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)).
From: The FxPro Tech Analysis Team https://fxpro.news/market-snapshots/copper-wave-analysis-17-august-2020-20200817/
Selected by fonecable.com
Search Web: Copper Wave Analysis – 17 August, 2020
Recent Posts
- AUD/USD Rate Pullback to Adhere to RBA Interest Rate Decision
- NEWS: ForexLive Americas FX news wrap: Australian dollar crushed February 26, 2021 at 09:24PM
- King Dollar Surges, but Doubts Over Longevity Linger
- As King Dollar Surges on U.S. Yield Run, Experts Say Move Unlikely to Last
- NEWS: Late selling sends US equities into the red despite bond market reversal February 26, 2021 at 09:05PM
Happy
0 %
Sad
0 %
Excited
0 %
Sleepy
0 %
Angry
0 %
Surprise
0 %
Average Rating