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Copper

26 Aug 2020 ‚óŹ 10:55 AM

In the morning I noted that Copper has support at 2.90, however what I should also look at is the scenario where copper can break the lower swing at 2.91 and head much lower before going higher. The dollar index still has one bump up pending if that is a catalyst. A decline in copper would mean that wave 3 ended and wave 4 down can test the 2.77 support before wave 5 starts. This is a risk and so odds remain open.

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