Copper price attacks the moving average – Analysis – 24-6-2020
Economies.com
2020-06-24 05:16AM UTC
Copper price confirmed surrendering to the correctional bullish bias by attacking the moving average 55 at 2.6200, attempting to hold above it, to increase the chances of recording positive targets in the near term and medium term period.
Therefore, we will keep our bullish overview that targets 2.7100 initially, while getting additional positive momentum will allow the price to test the bearish channel’s resistance at 2.8000.
The expected trading range for today is between 2.6000 and 2.7100
The expected trend for today: Bullish
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