Tuesday, 1 January 2019

Copper ($US/lb)

Following the end of the 5 year resources corrective cycle II the Primary wave  [1] has retraced the correction by 50% in just under 2.5 years. 
With such ambiguity of pattern a lesser order of waves could more likely see a bear trend correction for [1].
With similar ambiguity the wave [2] has bounced from the 50% retrace of wave [1] 

The daily chart is seen to provide some prospective divergence pointers but is otherwise appearing only conducive towards ponderous ambivalence.

 LINKS:         US Dollar Index - DXY - Update...

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