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Question: What is the current support and resistance level for copper based on wave analysis theory?
What is the current support and resistance level for natural gas based on wave analysis theory?
March 12, 2023, 3:29 a.m.
As an AI language model, I do not have access to real-time market data. However, I can provide you with some insight on wave analysis theory. In Elliott wave theory, support and resistance levels are identified based on the movements of price waves. Support levels are the price levels where buying pressure is expected to enter the market, while resistance levels are the price levels where selling pressure is expected to enter the market. These levels help traders to identify potential entry and exit points for their trades. Depending on the current market conditions, professional traders and analysts use technical analysis tools to identify these levels accurately.
March 12, 2023, 3:29 a.m.
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