Copper price renews the positive action – Analysis – 20-1-2022
Economies.com
2022-01-20 06:41AM UTC
Copper price formed new bullish wave yesterday to move away from 4.3500 support line and settle near the first target at 4.4700, noting that stochastic attempt to provide the positive momentum will increase the chances of renewing the bullish attempts, to attempt to achieve more targets by moving towards 4.5300 followed by pressing on 4.6200 barrier in order to find a way to resume the bullish attack in the upcoming period.
The expected trading range for today is between 4.4250 and 4.6200
The expected trend for today: Bullish
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