Copper price repeats the positive closes– Analysis – 24-5-2022
Economies.com
2022-05-24 05:11AM UTC
Copper price repeated providing positive closes above 38.2% Fibonacci correction level, to form a temporary support at 4.1800, to increase the chances for resuming the bullish correctional attempts to record 4.3500 level, note that the continuation of providing positive momentum by stochastic will ease the mission of reaching the resistance at 4.4000, to monitor the price behavior, which allows us to detect the main targets for the upcoming trading.
The expected trading range for today is between 4.2500 and 4.4000
The expected trend for today: Bullish
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