Copper price keeps the positive stability – Analysis – 29-3-2019
Economies.com
2019-03-29 08:14AM UTC
Copper price kept its positive stability by forming new bullish wave and reach 2.9050 level, also, stochastic rally towards 50 level increases the chances of gathering the additional positive momentum to confirm targeting 2.9300 followed by reaching 3.0200 in the upcoming period.
The bullish scenario depends on the stability of the bullish channel’s support at 2.8300, noticing the fluctuation of the moving average 55 around this level to increase the positive pressures until reaching the waited targets.
The expected trading range for today is between 2.8600 and 2.9300
The expected trend for today: Bullish
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