Copper price hovers around the first target – Analysis – 20-6-2019
Economies.com
2019-06-20 06:32AM UTC
Copper price kept its positive track to notice approaching the first target at 2.7200, expecting that stochastic provides the additional momentum by reaching the overbought areas to form strong bullish wave and surpass the near target followed by pressing on the moving average 55 at 2.7800.
We remind you that the bullish scenario totally depends on the strength of 2.6350 support line, which its stability will increase the chances of renewing the bullish attempts until reaching the waited targets.
The expected trading range for today is between 2.6650 and 2.7800
The expected trend for today: Bullish
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