Copper price breaches the resistance – Analysis – 9-7-2020
Economies.com
2020-07-09 05:26AM UTC
Copper price confirmed its affection by the bullish bias domination after surpassing the bearish channel’s resistance at 2.8050, to settle within new bullish track and notice recording additional target at 2.8370.
Forming new support line at the breached resistance along with stochastic positive momentum allow us to suggest more bullish attempts to target 2.9000 followed by reaching 23.6% Fibonacci correction level at 2.9840.
The expected trading range for today is between 2.7960 and 2.9000
The expected trend for today: Bullish
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