Copper price needs new momentum – Analysis – 7-6-2023
Economies.com
2023-06-07 04:34AM UTC
Copper price kept its positive stability above 3.5700 support line, to increase the chances of recording new correctional targets, while the lack of the positive momentum led to form sideways fluctuation, to notice its consolidation near 3.7500 until now.
In case the price gathered the positive momentum, that will support our bullish overview that might target 3.8500 level soon, to face 38.2% Fibonacci correction level in addition to the MA55, to hinder the bullish attack for the upcoming period.
The expected trading range for today is between 3.7000 and 3.8500
The expected trend for today: Bullish
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