Copper price leans on the moving average – Analysis – 12-11-2019
Economies.com
2019-11-12 08:28AM UTC
Copper price ended the intraday decline yesterday by leaning on the moving average 55 to form additional support at 2.6400, while the frequent stability above this support will increase the chances of renewing the bullish attempts to remind you that it is important to breach 2.7000 and manage to reach the positive stations that start at 2.7600.
On the other hand, crawling below this support will increase the chances of resuming the bearish correction to expect suffering additional losses that might extend towards 2.6050 followed by 2.5600 levels.
The expected trading range for today is between 2.6400 and 2.4000
The expected trend for today: Bullish
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