Copper price attempts to stand up again – Analysis – 3-4-2019
Economies.com
2019-04-03 07:48AM UTC
Copper price formed new bullish wave yesterday to hint facing the negative pressures, attempting to rise again by providing clear pressure on 2.9300 level, while gathering new positive momentum allows us to expect reaching 3.0200 target, followed by attempting to test the bullish channel’s resistance line at 3.1100.
The continuous consolidation of the moving average 55 around the bullish channel’s support line at 2.8300 confirms blocking the price within the bullish range until reaching the waited targets.
The expected trading range for today is between 2.8800 and 3.0000
The expected trend for today: Bullish
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