EWS
Long

Copper - A strong impulsive rally towards 2.64 is expected

COMEX:HG1!   Copper Futures
My preferred count shows that copper             saw an important low in mid-January at 1.9355 and a strong rally higher towards 2.6410 now should be expected.
From the 1.9355 low a nice five wave rally was seen to 2.3235 as wave (i) and wave (ii) was clearly a three wave zig-zag correction that completed at 2.0130.
Wave ( iii             ) started to move higher from 2.0130 in a pretty messy fashion to 2.2775, which I think was and expanded leading diagonal as wave i and was followed by an almost equally messy wave ii down to 2.1330. It now looks as wave ii completed at 2.1330 and wave iii             of ( iii             ) higher is ready to develop.
The first strong indication, this is the case, will be a break above the minor channel resistance-line near 2.1945 for a rally higher to 2.2775 on the way higher to 2.38 and 2.64.
English
English (UK)
English (IN)
Deutsch
Français
Español
Italiano
Polski
Türkçe
Русский
Português
Bahasa Indonesia
Bahasa Melayu
ภาษาไทย
Tiếng Việt
日本語
한국어
简体
台灣
Home Stock Screener Forex Signal Finder Cryptocurrency Signal Finder Economic Calendar How It Works Chart Features House Rules Moderators Website & Broker Solutions Widgets Stock Charting Library Feature Request Blog & News FAQ Help & Wiki Twitter
Profile Profile Settings Account and Billing My Support Tickets Contact Support Ideas Published Followers Following Private Messages Chat Sign Out