Copper price keeps the intraday positivity – Analysis – 6-6-2023
Economies.com
2023-06-06 04:52AM UTC
Copper price started to get the additional positive momentum by stochastic approach to 80 level, to support the chances of resuming the correctional bullish attempts and notice its fluctuation above 3.7200 obstacle.
We expect to form new bullish waves soon to press on 80% Fibonacci correction level at 3.8500, to form the waited target for now, followed by monitoring the price behavior to manage to detect the upcoming trend.
The expected trading range for today is between 3.7000 and 3.8000
The expected trend for today: Bullish
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