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Copper Wave Analysis – 13 April, 2019

Copper Wave Analysis – 13 April, 2019

 
  • Copper broke resistance area
  • Likely to rise to 240.00

Copper recently broke through the resistance area lying between the key resistance level 225.00 and the 38.2% Fibonacci retracement of the previous downward impulse (i) from the start of March.

The breakout of this resistance area accelerated the active short-term impulse wave (i) – which belongs to the sharp wave B from last month.

Copper is likely to rise further toward the next resistance level 240.00 (target price for the completion of the active impulse wave (i)).

Copper broke resistance area Likely to rise to 240.00


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