Copper price faces the negative pressures – Analysis – 29-11-2018
Economies.com
2018-11-29 07:58AM UTC
Copper price succeeded to face the negative pressure, to shrink the chances for exiting the bullish track by its rally to the moving average 55, achieving 2.8100 level, which supports the continuation of the positivity unless breaking the main support at 2.6800, to keep waiting for achieving the initial target at 2.8500 reaching to 2.9600 in the upcoming period.
Stochastic rally above 50 level reinforces the bullish suggestion, by providing new positive momentum, to increase the chances of resuming achieving the waited targets.
Expected trading range for today is between 2.7500 and 2.8500
Expected trend for today: Bullish
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