Copper price records the first target – Analysis – 11-8-2022

Economies.com
2022-08-11 05:36AM UTC

Copper price succeeded to activate the bullish track by gaining the additional positive momentum, forming strong bullish rally to touch the first target at 3.6300, and due to the stability of the additional support at 3.5000, we suggest more bullish attempts that might target 38.2% Fibonacci correction level near 3.8600 as a next station for the bullish trades.

 

The expected trading range for today is between 3.5500 and 3.8500

 

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The expected trend for today: Bullish

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