Copper price recovers – Analysis – 10-12-2019

Economies.com
2019-12-10 07:56AM UTC

Copper price’s trading extended positively, recording its initial positive targets by reaching 2.7500, affected by the positive pressures that comes from stochastic reach to the overbought level.

 

We expect the continuation of the price stability above 2.700 level, which represents the support level against the bullish trading, forming new positive fluctuation increases the chances for reaching 38.2% Fibonacci correction level at 2.8380.

 

The expected trading range for today is between 2.7200 and 2.8380

 

The expected trend for today: Bullish

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