Preferred view suggests metal has thrusted lower from the triangle and is currently in wave ( b ) of triangle thrust. After wave ( b ) completes, expect more downside toward 3.19 – 3.2228 area  to complete wave B before it turns higher in wave C. The hourly cycles are positive so we don’t like […]

Cycles from 1363 & 1434 highs have ended and yellow metal is trading higher. Initial move up from 1182 – 1248.50 was in 3 waves which we have labelled as red wave A. This was followed by a running FLAT correction in wave B which completed at 1218. Pair is currently trading higher in wave […]

Wave A is over and wave B pull back has started. Expect lower prices toward 3.21 – 3.23 to complete wave B before metal turns higher in wave C. Hourly cycles are positive so we don’t recommend selling into proposed swing lower. As there is no red boxes on the chart, so we don’t like […]

Wave A appears to have completed and wave B pull back has started. Expect lower prices toward 3.21 – 3.23 to complete wave B before metal turns higher in wave C. Hourly cycles are positive and there is no red boxes on the chart so we don’t like selling into wave B.

Copper is showing a zig-zag structure from 12.3.2013 low. Metal has already hit ( c )  = ( a) target and now close to testing ( c ) = 1.236 x ( a ) ext at 3.3309. Break of 1 hour trend line would suggest zig-zag structure has completed and leave the metal vulnerable to […]

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 […]