Copper Short Term Elliott Wave Analysis 9.9.2015

Rally from wave (W) low at 2.209 is unfolding in double corrective structure WXY where wave W ended at 2.418, wave X ended at 2.3053, and wave Y of (X) is in progress towards 2.516 – 2.64 area before turning lower at least in 3 waves. Short term, wave ((w)) can extend to 2.484 – 2.5, then it should pullback in wave ((x)) before higher again. As far as 2.305 pivot stays intact during wave ((x)) pullback, expect copper to continue higher again towards 2.516 – 2.64 area.

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