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LME copper may revisit its Oct. 2 low of $6,269 this week

  • The drop from the Sept. 21 high of $6.877.50 may consist of three waves.
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By Reuters

SINGAPORE: LME copper may revisit its Oct. 2 low of $6,269 per tonne this week, as suggested by its wave pattern.

The drop from the Sept. 21 high of $6.877.50 may consist of three waves.

The second wave labelled b is ending.

This wave is expected to be reversed by a downward wave c.

A rise above $6,877.50 could be extended to $7,348.

Copper

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