Copper price keeps the intraday positivity – Analysis – 26-3-2020

2020-03-26 08:04:00 GMT (Economies.com)
 

Despite Copper price’s recent slow trades, its stability above 2.0760 supports the correctional bullish trend, to repeat the pressure on 1.2100 level, while surpassing it might extend trades towards 2.2960 to test the main resistance that appears on the chart.

 

Stochastic exit from the oversold areas confirms getting rid of the negative pressures, allowing it to gather new positive momentum to ease the missions of reaching the previously suggested positive stations.

 

The expected trading range for today is between 2.0800 and 2.2500

 

The expected trend for today: Bullish

 
 
 
  Symbol Last Change Chg.%
1.0809
-0.0326
2.9264%
1.2267
-0.0188
1.5090%
Tadawul
6752.19
2.50
0.04%
14.417
-0.029
0.201%
28.815
6.987
32.012%
34.94
5.00
16.70%
1620.000
-0.150
0.009%
 
 
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