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FxPro Forex Analysis: Copper Wave Analysis – 06 August , 2018

• Copper falling inside short-term impulse wave 3
• Further losses are likely

Copper continues to fall inside the short-term impulse wave 3, which started recently from the strong resistance level 285.00 – intersecting with the upper daily Bollinger Band.

The active impulse wave 3 belongs to the sharp, medium-term downward impulse wave (3) from the start of June.

Copper is likely to fall further and re-test the next major support level 267.60 (which stopped the previous sharp downward impulse wave 1 in the middle of June).

CUUUSD2 - Primary Analysis - Aug-06 1907 PM (1 day)


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