• Copper falling inside short-term impulse wave 3 • Further losses are likely Copper continues to fall inside the short-term impulse wave 3, which started recently from the strong resistance level 285.00 – intersecting with the upper daily Bollinger Band. The active impulse wave 3 belongs to the sharp, medium-term downward impulse wave (3) from the start of June. Copper is likely to fall further and re-test the next major support level 267.60 (which stopped the previous sharp downward impulse wave 1 in the middle of June).
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