Copper futures
The rise of the metal depends on the support point 3.3625. We expect the correction in wave 2 to end at 3.4315 and the beginning of the rise in wave 3.
13/09/2022
Copper is now trading in an ascending impulsive wave represented at the beginning of the wave ((3)) after the prices ended the wave ((2)) at 3.1315.which targets the peak of wave ((1)) as a first target at 4.8880. The critical limit that supports this rise is 3.1315.
wave ((2)) is an expanded flat, wave (A) (B) ended and now wave (C) is in progress.
03/09/2022
Copper is still expected to decline further to 61.8% retracement at 2.79 and 78% retracement at 2.39 to form the corrective wave ((2)). and the critical limit for it that cannot be penetrated is 1.9725
ـــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــــ
Currently, copper in wave V, which wave ((1)) of it ended, and now wave ((2)) is in progress.
Wave IV is a running triangle, we expect a sharp move higher into wave V, critical support at 1.9725