From setup to surge: Copper $HG_F targets fresh highs

Elliott Wave Forecast Team ElliottWave-Forecast.com

Copper (HG_F) has been unfolding a bullish impulse from the March 23, 2026 low, showing a higher‑high sequence in the weekly structure that called for further extension. Our strategy advised members to avoid selling and instead buy dips in 3, 7, or 11 swings at defined blue box areas.

Update — June 27, 2026 (Four‑hour chart)

Rally from March 23 low ended at $6.7160.

Pullback unfolded as a zigzag correction:

Wave (A) ended at $6.1475.
Wave (B) bounced to $6.6980.
Wave (C) targeted the blue box at $6.1326–$5.7819.

Buyers were expected to appear from this zone for new highs or at least a 3‑wave bounce.

Update — August 12, 2026 (Four‑hour chart)

Copper reacted strongly higher after completing the correction in the blue box.

Members secured risk‑free positions shortly after entry.

The rally has already produced new highs, confirming the next leg higher toward $7.3993–$7.7471 before profit‑taking and another pullback in 3 or 7 swings.

Author

Elliott Wave Forecast Team

ElliottWave-Forecast.com

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