Copper price presses on the resistance – Analysis – 30-8-2021
Economies.com
2021-08-30 04:31AM UTC
Copper price reacted to stochastic positivity, to notice providing strong pressures on 4.3300 resistance, allowing us to stay aside and wait the next close to confirm the main trend.
Succeeding to breach the resistance confirms regaining the bullish bias by settling within the bullish channel, to increase the chances of targeting positive levels that might start at 4.4200 and 4.5500, while the negative stability below it will force it to form negative waves to attempt to crawl below the moving average 55 at 2.2440.
The expected trading range for today is between 4.2800 and 4.3600
The expected trend for today: Neutral
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