Markets
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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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.