Copper price prepares to test the resistance – Analysis – 6-7-2020
Economies.com
2020-07-06 05:12AM UTC
Copper price kept its positive stability above 2.6200 level, confirming its surrender to the domination of the correctional bullish bias by settling at 2.7200 recently, while the moving average 55 crawl near the initial support and stochastic stability within the overbought areas allow us to expect forming new positive rally to increase the chances of testing the bearish channel’s resistance at 2.8050 followed by monitoring the price behavior to manage to detect the next main trend.
The expected trading range for today is between 2.6500 and 2.8050
The expected trend for today: Bullish
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