Metal made a marginal new low below 2.423 and started recovering we are going with the idea of a double correction in wave (( X )) as per preferred Elliott Wave view and expected to test 2.633 – 2.684 region before decline resumes. Ideally expected price to stay below 1.618 ext at 2.766 for a turn lower. We don’t like buying the metal and expect to see sellers in above area.
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