Copper price holds above the moving average – Analysis – 7-11-2019
Economies.com
2019-11-07 08:37AM UTC
Copper price kept its positive stability above the moving average 55 to increase the chances of renewing the bullish attack, assuring the importance of holding above 2.7000 barrier to manage to reach the positive stations represented by 2.7600 and 2.8400 levels.
We notice that stochastic fluctuates above 50 level, which increases the chances of gathering the required additional positive momentum to achieve the suggested targets.
The expected trading range for today is between 2.6560 and 2.7600
The expected trend for today: Bullish
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