Copper price needs to surpass the barrier – Analysis – 22-2-2019
Economies.com
2019-02-22 09:35AM UTC
Copper price formed clear stability by consolidating around 2.9290 level, affected by the stability of 50% Fibonacci correction level to postpone the main bullish attack, thus, we recommend monitor today’s trading until achieving the required breach to confirm the preparation to achieve more targets, located at 2.9850 followed by 3.0300.
We remind you that failing to breach the current barrier might force the price to form some sideways fluctuations within the bullish channel, along with chances to test the initial support at 2.8500 before reaching the suggested targets.
The expected trading range for today is between 2.8600 and 2.9850
The expected trend for today: Bullish
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