Copper price begins the bullish rally – Analysis – 10-10-2019

Economies.com
2019-10-10 08:37AM UTC

Copper price get advantages from the support at 2.5500 by building a strong bullish trading attempting to jump above the moving average 55, which supports the bullish suggestion and makes us wait for hitting the initial target at 2.5900, and surpassing it might extend the trading to 2.6200, to form the second station of the bullish bias.

 

The continuation of stochastic support for the bullish scenario by providing a new positive support will increase the chances for renewing the bullish attempt, to reach towards the suggested main targets.

 

The expected trading range for today is between 2.5680 and 2.6200

 

The expected trend for today: Bullish

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