adriel.arrasmith

Expect Copper to Reach for New Highs!!!

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FX:COPPER   銅CFD
As previously discussed in other post I expected Copper to correct quite a bit. I was expecting the 2.44-2.60 area because of many confluences. However, we have completed an ending diagonal pattern that pushed to 2.86. Now we have come down to my expected support area based on fractals and fib levels, which we are now holding. Also, if you look at the USDOLLAR we have hit a significant topping point. Also, this can be seen as we have lots of sideways action in AUDUSD at the $0.73 mark. Also, expect to Gold to follow suite with new highs in the medium term. This is a great time to get long based on probabilities and risk/reward.

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