Copper price gains new momentum – Analysis – 9-8-2022

Economies.com
2022-08-09 05:56AM UTC

Copper price gained new positive momentum to support the previously suggested bullish scenario by consolidating above the major support 3.1300, also, the stability of 3.5000 level confirms blocking trades within the bullish track, to keep waiting to reach 3.6300 followed by pressing on 38.2% Fibonacci correction level at 3.8600.

 

The expected trading range for today is between 3.4500 and 3.7000

 

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The expected trend for today: Bullish

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