$HG_F (Copper) 1 Hour Elliott Wave Analysis

Metal is trading in orange zone and showing enough number of swings in place to call wave A completed but another swing higher to 3.33 would look much better to complete wave A. After that metal should pull back in wave B and turn higher again.  Hourly cycles are positive so we don’t recommend selling into proposed wave B pull back. Metal is already in orange zone so chasing strength here is not recommended

HG 6020131213091423

Back

Subscribe to our Commodities Blog

First Name: *
Last Name: *
Your Email Address: *