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Copper Wave Analysis – 10 June, 2020

Copper Wave Analysis – 10 June, 2020

  • Copper broke resistance level 262.00
  • Likely to rise to 275.00

Copper recently broke above the pivotal resistance level 262.00 (former resistance from February and the start of March – which also served as powerful support in November and December of 2019).

The breakout of the resistance level 262.00 coincided with the breakout of the daily up channel from April – which should accelerate the active waves C and (2).

Copper is likely to rise further toward the next resistance level 275.00 (target price for the completion of wave (2)).

Copper Wave Analysis – 10 June, 2020

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