FxPro - Analytics

FxPro

750.75 6.25/10
87% of positive reviews
Real

Copper Wave Analysis – 18 February, 2019

  • Copper reversed from resistance area
  • Likely to fall to 258.00

Copper recently reversed down from the resistance area lying between the key resistance level 262.00 (former strong support from October, November and December), 38.2% Fibonacci correction of the sharp downward impulse from January and the upper daily Bollinger Band.

The downward reversal from this from the resistance area stopped the previous short-term ABC correction 2.

Copper is likely to fall further toward the next support level 258.00 (target price for the completion of the active short-term impulse wave (i)).

1582040350


To leave a comment you must or Join us


By visiting our website and services, you agree to the conditions of use of cookies. Learn more
I agree