Copper - Could blast higher anytime now

Copper - A break above minor resistance at 2.27 will trigger the next rally higher

Copper - A large Inverse S/H/S bottom calls for a measured rally to 2.68

Copper - Can blast higher towards 2.64 - 2.68 anytime now 
 
Copper is now in the position to blast higher anytime now. 
 
The long term Elliott Wave Count called for important corrective low in mid-January at 1.9355 for a rally back to the top of wave (iv) of C at 2.97. 
 
Since mid-January low a five wave rally was seen to 2.32 in wave (i) which was followed by a prolonged flat correction in wave (ii) to a low of 2.01 and wave (iii) higher is now getting ready to really take off towards the 2.64 - 2.68 area. 
 
Short term, a break above minor resistance at 2.27 will be the "GO" for a strong rally in wave (iii) higher. 
 
A large Inverse S/H/S bottom can be seen. The neckline resistance near 2.16 has been broken and once the ongoing consolidation just above the neckline is complete that will call for a measured rally towards 2.68. 
 
So copper has everything going for it at the moment, so keep an close eye of minor resistance at 2.27 as the trigger for the next strong rally higher. 

 

When a 1+ is highlighted in the right hand corner, more charts is available, in this chart-pack 3 charts can been seen. To see the other charts, click on the chart, which blows it up and in the center part at the bottom a control panel will be highlighted. Use the arrow to see the additional charts.

 

Felipe
2014-05-26
Hi,

I recently tried a 30 day membership and I am very happy with the service. Pls keep up the great work!!! I will continue renewing!!

Felipe
Roelant
2016-06-26
Hi Elliotwavesurfer,

Your forecast of the EURUSD waves and reversals on Brexit day were spot on! This was not chaos, the crowd followed a pattern!

GBPUSD was abolutely 100% too!Unbelievably accu...
Thomas
2014-08-11
Sublime Counts!