Copper price moves between the barriers – Analysis – 29-11-2023

Economies.com
2023-11-29 05:29AM UTC

Copper price surrendered to the stability of the sideways track support line at 3.7400, to move towards 3.8100 barrier and settle below it, hinting its surrender to the domination of the sideways bias.

 

We expect to get positive momentum by stochastic to increase the pressure on the mentioned barrier to ease the mission to move to the bullish track by targeting 3.8600 level direct, and might extend to 4.0200 in the near term period.

 

The expected trading range for today is between 3.7500 and 3.8600

 

The expected trend for today: Bullish

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