Copper price holds above the initial support – Analysis – 6-4-2021
Economies.com
2021-04-06 04:48AM UTC
Copper price succeeded to face the negative pressures by settling above the initial support 3.8810, to end the correctional bearish fluctuation and begins with new positivity by rallying towards 4.1580.
We expect to gather the additional positive momentum to surpass 3.1600 and repeat the pressure on the bullish channel’s resistance at 4.2780 followed by monitoring the price behavior to manage to detect the next main trend.
The expected trading range for today is between 4.0500 and 4.2700
The expected trend for today: Bullish
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