FX.co ★ Elliott wave analysis of Copper for April 5, 2022

Copper is currently in its fifth wave high towards at least 5.76 and more likely the fifth wave will extend higher towards the 6.88 target. It's common that the fifth wave within the commodity complex becomes an extended wave and if this is the case here too, Copper will head towards the 6.88 target.

Support is now seen at 4.44 and only a break below here will indicate a long-term top already is in place.