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Copper

1 Oct 2020 ‚óŹ 07:16 AM

Copper prices closed above the 20 DMA, but the daily momentum indicator is still not crossed over to the buy-side and may do so with a lag. There are many subdivisions in the rally and for now, I may presume that wave 5 of started. The 1st important resistance will be the trend line of the last 2 hives at 3.147, and once we trade above that then 5 = 1 and Pt 2 as far as 3.45 or higher.

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