Copper price approaches the target – Analysis – 21-9-2021

2021-09-21 04:22:31 GMT (Economies.com)
 

Copper price continued to form negative trades recently, approaching the waited target at 4.0700 due to facing frequent negative pressures.

 

The moving average 55 forms additional barrier at 4.2600, and stochastic provides the additional negative momentum, allowing us to expect the domination of the bearish bias, to target 4.0300 and 3.8750 levels soon.

 

The expected trading range for today is between 4.2000 and 3.875

 

The expected trend for today: Bearish

 
 
 
  Symbol Last Change Chg.%
1.1606
0.0036
0.3139%
1.3751
0.0123
0.9053%
Tadawul
11773.36
25.09
0.21%
23.335
0.700
3.090%
82.022
0.902
1.112%
84.86
0.86
1.02%
1767.855
13.150
0.749%
 
 
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