Copper price is weak – Analysis – 25-4-2019

2019-04-25 06:35:39 GMT (Economies.com)
Copper price is weak – Analysis – 25-4-2019
 

Copper price remains weak as 2.9300 level still form an obstacle against the bullish attack, and the continuation of the main indicators contradiction increases the chances for the price fluctuation in sideways range, by its confinement between the current barrier and the support level at 2.8600.

 

Resuming the bullish attack requires holding positively above 2.9300 level and gaining a new positive momentum might allow it to record more of the targets by reaching 3.0200 then 3.1400 in the upcoming period.

 

The expected trading range for today is between 2.8600 and 2.9300

 

The expected trend for today: sideways 

 

 
 
 
  Symbol Last Change Chg.%
1.1140
0.0042
0.3789%
1.2289
0.0135
1.1107%
17.418
0.314
1.834%
53.880
-0.920
1.679%
59.10
-0.82
1.37%
1526.175
13.910
0.920%
 
 
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