Copper price keeps the positivity – Analysis – 8-8-2022

No change to copper price correctional bullish track by settling above 3.5000 level, which increases the chances of resuming achieving the gains, to expect targeting 3.6300 followed by attempting to press on 38.2% Fibonacci correction level at 3.8600.

Also, stochastic approach to 80 level will assist to provide the required positive momentum to form new bullish waves until reaching the mentioned targets.

The expected trading range for today is between 3.4500 and 3.6300

The expected trend for today: Bullish