Copper price is slow – Analysis – 24-12-2020
Economies.com
2020-12-24 07:01AM UTC
Copper price could not succeed to record any new positive target due to facing continuous negative pressures, to contradict the positive stability above the bullish channel’s support line at 3.4800, and continues to provide slow sideways trades by fluctuating near 3.5500.
Resuming the bullish attempts requires new positive momentum, to expect forming rally towards 3.6400 level, while surpassing it might extend trades towards 3.7000 as a first additional target for the bullish track.
The expected trading range for today is between 3.5000 and 3.6400
The expected trend for today: Bullish
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