Tuesday, 4 December 2018

Copper ($US/lb)

This weekly chart for $US Copper provides a clear perspective. The 5 year resources Cycle-degree correction was concluded in January 2016 and the Primary wave [1] in June 2018. Primary wave [2] has retraced Primary wave [1] by 50%,  but there are two apparent possibilities with Primary [2] being either complete or incomplete as indicated on the daily charts below...
  

Th first daily chart shows a (B) wave correction of Primary wave [2]... 


The option of a leading diagonal in place of the (B) wave is for the bulls...



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